HP revealed the situation at
the PC giant is probably to become
worse before it gets better. CEO
Meg Whitman said that revenue
could fall in every division
except software and warned not
to expect any signs of recovery
till 2014.
While Whitman pinned much
of the turmoil at the struggling
tech firm on its management woes
shes the 3rd CEO in as many
years part of the firms trouble is
down to slipping PC sales. HPs
part of the shrinking PC market
has fallen from 18.9 three years
ago to 15.5 this year, according
to analyst firm Gartner, which
said Chinese competitor Lenovo had
pipped HP to the top spot in
world shipments in the last
quarter. HP disputed the figures,
preferring IDCs numbers that
demonstrate that it still holds the top
spot, but theres no denying
Lenovos success the firm has
nearly doubled its market share
in the past three years.
What we said: Its hard
not to feel sympathy for Meg
Whitman, as the mistakes were
made long before she arrived,
said features editor David Bayon.
HP still has its fingers in so many
pies many of them going stale
that a period of cost cutting is
inevitable. Whitman needs to
choose on HPs major concentrate, as the
things for which many consumers
may know the company are not
the things earning money. While
weve suggested many of its
buyer products over the years,
a smaller HP that concentrates on
enterprise could well be the most
stable long term solution.
What you said: Rhythm
said HPs troubles were a
shame, adding: We primarily use
the EliteBook/ProBook range at
work and I have the 8470p, which
is great. Come on HP... Get it
together and come out fighting.
Anteaus isnt surprised by HPs
troubles and its nothing to do
with CEOs. You have to provide
what the buyer wants.
HPs
problems started when it dropped
support and drivers for anything
other than the preinstalled OS.
Years ago, IBM learned the
hard way that regardless how
big you're, you can not force the
buyer to purchase the product that
you want to sell. It works the
other way around.
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