After stumbling several years ago, the company set up a five-year turnaround plan that is now in year two. Hewlett-Packard's earnings, scheduled for release after the...
To continue reading, please click here...
Tech Stocks: Can Meg Whitman Deliver the Next Great Turnaround?
Meg Whitman is aiming to be Hewlett-Packard's Lou Gerstner.
Gerstner was the CEO of International Business Machine (NYSE: IBM) from 1993 until his retirement in 2002, and is widely credited for IBM's turnaround.
How did he save IBM from going out of business and reverse its fortunes?
Well, among other things Gerstner made the difficult decision to lay off more than 100,000 employees shortly after his arrival.
And now Meg...
Hewlett-Packard Co. (NYSE: HPQ) Earnings Disappoint, Still a Tech Stock to Avoid in 2012
Hewlett-Packard Co. (NYSE: HPQ) delivered disappointing earnings today (Wednesday), showing new CEO Meg Whitman is still working on nursing the tech giant back to health.
Hewlett-Packard's adjusted earnings per share were 92 cents on revenue of $30 billion in the first quarter, while Wall Street was expecting H-P to earn 87 cents on sales of $30.67 billion.
Earnings fell 32% from the same period a year ago, and revenue...