As a follow-up to my post of August 19, 2011 “HP's Leo Apotheker, Master of FUD,” http://www.johnmpoole.com/2011/08/hps-leo-apotheker-master-of-fud.html
I recommend the following:
Let's say you were given a year to kill Hewlett-Packard. Here's how you do it . . .
“I didn’t know there was such a thing as corporate suicide, but now we know that there is,” a former H.P. director, the venture capitalist Tom Perkins, told me this week. “It’s just astonishing.” http://www.nytimes.com/2011/08/27/business/for-seamless-transitions-at-the-top-dont-consult-hewlett-packard.html
So why the dumb, rookie move? I have no idea, but it seems like Apotheker panicked - that he was willing to do pretty much anything to avoid another bad-news earnings call - and decided to stupidly pre-announce the news to put a positive spin on a terrible forecast. http://www.bnet.com/blog/ceo/hp-restructuring-smart-strategy-dumb-execution/8202?promo=540&tag=nl.e540
. . . The decision to manufacture a second run, however, left analysts scratching their heads. . . .
Sterne Agee analyst Shaw Wu said the temporary return of the TouchPad was likely a poorly thought-through decision."They did a lot of these moves in haste," Mr. Wu said. He said the move will likely create confusion among customers and application developers, which H-P is still trying to woo. . . .
Like I said, its just more "disarray, the HP Way."