Items tagged with Whitman
Just days after HP announced its entry back into the consumer tablet market, CEO Meg Whitman has confirmed there's a change going on within the company that will allocate more resources for tablets. During the Morgan Stanley Technology, Media & Telecom Conference, Whitman said, "We're shifting resources from PCs to tablets." Whitman also acknowledged the market focus on tablets saying, "The market moved very fast to tablets and smartphones, and we've got to now manage that transition." She continued by explaining that HP tried to manage that transition through the acquisition of Palm but instead took "a little detour to nowhere" under the previous management. HP likes to claim innovation...
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HP's attempts at competing in the mobile phone market haven't exactly gone well. Even so, the company isn't completely giving up on the mobile market. In a recent interview, HP CEO Meg Whitman said, "My view is we have to ultimately offer a smartphone because in many countries of the world, that is your first computing device. There will be countries around the world where people may never own a tablet or a PC or a desktop, they will do everything on a smartphone, we are a computing company we have to take advantage of that form-factor." Although Whitman didn't supply a timeframe for when we could expect to see such a device, she recognizes that HP must get things right this time around. As a...
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Yesterday, we told you about HP's expected plans to combine the Personal Systems Group (PSG), which includes consumer PC sales, and the Image and Printing Group (IPG). Now, HP has made this combination official. In an announcement this morning, HP announced an organizational realignment which will combine HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) to form the new Printing and Personal Systems Group. The Printing and Personal Systems Group will be led by Todd Bradley, the executive vice president of PSG since 2005. As expected, Vyomesh Joshi, executive vice president of IPG, will retire after 31 years with HP. In addition to combining PSG and IPG, HP's Global...
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HP CEO Meg Whitman is expected to announce a major shift in its business structure today. Henceforth, the Personal Systems Group (PSG), which includes consumer PC sales, and the Image and Printing Group (IPG) will be combined into a single business structure. The move is a curious one, given that it combines what's typically been one of HP's star earners (IPG) with the low-margin / huge volume PC group. As part of the deal, longtime HP executive Vyomesh Joshi is expected to seek more time with his family; the combined unit will be headed by HP vice president Todd Bradley. When HP announced its FY 2011 results last month, Whitman's tough talk telegraphed a move like this. "We've got to streamline...
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The hard drive shortage, Oracle's assault on Itanium, and highly competitive scenarios in its ink-and-printer business combined to kneecap HP's earnings this last quarter. The company's net revenue fell seven percent, to $30 billion, while overall margins dropped to just 6.8 percent -- a decline of 3.7 percentage points. The steep decline in revenue was driven by a number of factors. Personal computing sales were down 15% year-on-year, imaging sales fell 7%, and enterprise server product revenue was down 10%. On the upside, HP's services business, software revenue, and finance division all grew profits over the same period -- but not enough to offset these declines. The company's CEO, Meg Whitman,...
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