Rabble Rousing Random Ramblings: Trouble at Hewlett-Packard?

February 10, 2005

Trouble at Hewlett-Packard?

HP, one of the greatest companies in the last 50 years, is in chaos. Chairman and CEO Carly Fiorina was ousted in a boardroom coup and replaced by the current CFO Robert Wayman. The indicators that not all was well at HP were triggered when there was a divisional re-organization in January which brought the ailing PC manufacturing division together with the very profitable Imaging & Printing division. There had been rumours following the restructuring that Fiorina's job was in trouble. CNet and the NY Times track the story.

HP's stock price on the NYSE went up by nearly 7% indicating that investors were happy with the developments and had anticipated them as well.

Rambled @ 4:45 PM

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Trouble at Hewlett-Packard?

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