Taken from www.ibtimes.com
Technology giant Hewlett-Packard (NYSE:HPQ) could lose a major chunk of its revenues by exiting its PC business and closing down webOS, a Wall Street analyst wrote in a note to clients.
Wow, the commercials are still playing on the radio and T.V. and the WebOS tablet is dead. HP, im seriously concerned for your future. You don’t even make your own pc’s and now you are talking about selling the consumer and or Business division of HP that makes pc’s. What is going on?
This excerpt is especially telling.
Though divesting PC business and adding Autonomy may bode well for HP in long-term, analysts remain skeptical over the company’s latest moves.
“With so many moving parts — discontinuing Palm, evaluating strategic alternatives for the PC division, and adding Autonomy — HP is really asking investors to trust the leadership team to manage the many moving parts. Yet, HP’s new leadership team has not demonstrated the operational skill set to manage such a myriad set of dynamic challenges,” BMO Capital Markets analyst Keith Bachman wrote in a note to clients.
As is this statement fro: http://www.itchannelplanet.com/business_news/article.php/3938776/HP+Puts+PC+Business+Up+for+Sale+Abruptly+Zaps+Touc.htm
By dumping its tablet and smartphone business, HP admitted that it cannot beat Apple Computer Inc.’s dominant position in both growth markets.
Interesting since Jon Rubinstein (Formerly of Apple) came with the Palm acquisition. Really? you cant compete with apple in consumer products? maybe because you cannot seem to innovate and at the same time create products consumers rave about. (ok, maybe you do, but only printers and scanners )
Well, HP, please do try to restructure and figure out what you are all about. You make a solid offering for enterprise customers, maybe selling off all your consumer divisions will make you more focused and successful.