HP is in trouble. In a bold move, CEO Meg Whitman revealed the extent to which HP is in trouble. Let's look at what got them to this point, what's currently wrong with HP, and what fast companies must do to avoid the challenges HP faces.
Recently, my old company Hewlett-Packard has been in the news--and not in a good way. I've been watching the coverage from the sidelines up to this point, but felt increasingly compelled to join the conversation and share my point of view. So here goes.
HP continues its astonishing transformation under CEO Mark Hurd, from an underperforming printer-reliant giant into the world's largest tech company (almost $130 billion a year in revenue), thriving in multiple markets.
The news that Hewlett Packard has just slapped down $2.7 billion to acquire 3Com looks like a move that will be good for the two firms. Both companies' respective products will dovetail nicely to turn HP into what could easily be described as an IT polymath--pretty damn good at everything.