I thought the earnings were fine given the overall state of economic conditions. A trivia point you can accept or research: 1 million one dollar bills weigh very close to 1 ton, so a ton of money is a million $.
It appears h_freedman's $90 by the end of the year was a very good view of the future. He sais this was possible this in late February. Let's hope the shut down doesn't push out the LNG approval. Sempra is supposed to be next for the decision on its application. For the last 20 years, with the power scams by Enron, the deregulation and associated asset sales, the law suits, the mergers, the really big projects and other things I don't currently recall this has been anything but a boring utility.
It will take a long time to restore the company from the damage that the three previous arrogant, egotistical, self proclaimed business geniuses caused. There are changes taking place on HP that are beginning to make a difference. I saw a recent article that people will be have to come to the sites instead of work from home. This is a big step in the right direction. There are signs that upper management is returning to at least some of Bill's and Dave's ways. Meg is still having to do things that are bad for the employees as she has few options available to stabilize the company from the damage the previous people did. Hopefully the additional cuts will be fewer and much smaller. For the previous employees who had to leave, I hope they have found good opportunities and have some good memories of their time at HP.
I don't think this would work too well. While revenue is declining, printing still is the cash cow for the company. In the past, the management were astute enough to use the cash cows to build entire new herds that provided even more wealth creation. The arrogant idiots preceding Meg where so stupid they couldn't figure out how to do this. It always works the same way. A few people get an idea, and the management gets behind it. The creators push it to success because it's their chance to really make a difference. Some fool took the number one objective and concluded the way to achieve it was through low cost. The whole company focuses on low cost providers for the things they purchase. They should be focused on high profit producing providers The results of the low cost approach speaks for itself. I don't see how the top managers prior to Meg can even show their face in public. I would think people would point at them and laugh. The split up plan has some appeal, but the company can ill afford another wrenching change. Hopefully someday in a little below the radar corner of the company someone will read the book use it and actually have success that builds and returns the company to greatness. Right now the best game in town is to stick with Meg's plan. It is the all there is. It will take a long time to repair the damage the pigs did.