The formula for success here is not having revenue declines of negative 7% to 8% in constant currency. So the first step with stabilization is stop the decline. The second is then we have to start growing revenues again, and the only way that we know how to do that is you've actually got to gain share in virtually every single market. What we cannot do is keep our current level of costs and just layer investments up on top of that. We've got to streamline our processes, we've got to optimize our supply chain, we've got to reduce SKUs, we've got to rationalize our go-to-market so that we can save money in the OpEx line so that we can then reinvest in the -- growing product lines, we can invest in our fast-growth businesses and we can invest in innovation. So what never works in business is, "Let's keep our cost structure the same and just layer investment on top of that when we're in a situation in which we find ourselves.
Well... Meg obviously has a tough job ahead of her so I'm not going to judge her performance just yet; however, with the information being revealed, maybe the previous CEO had a point in getting rid of it's personal computing division. I mean it's margins are low compared to the rest of HP's divisions. The more questionable part would be how Meg Whitman is going to make the PC department more profitable while stopping all declines and using that as a base for a plan to get them more profits. I mean Meg Whitman may not have had a hot streak but surely she has a plan up her sleeves right? Right???
All the time in the world won't matter if Meg can't fix the leaks in the sinking ship.
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I think Meg deserves all the time she needs considering the mess that Leo Apotheker made of the place.
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