HP hits crossroads of capitalism

[tabatha]

Hewlett Packard - one of the world's largest makers of personal computers and printers is axing 27,000 jobs between now and the end of 2014. That's eight per cent of its workforce. The move is expected to save the firm $3bn a year.

On Wednesday, Hewlett returned a mixed set of numbers for the first three months of 2012. While earnings per share beat Wall Street expectations, guidance for the next three was disappointing. Nonetheless, HP remains one of America's top 20 biggest earning firms and a world class maker of personal computers and printers - for now. The trouble is no one knows how much longer it can take declining profits and stiff competition from flashier rivals.

Robert Sicina, from the Kogod School of Business at American University in Washington DC, summed up HP's dilemma this way. "Somehow I think it lost its way in the nineties, the market and technology in the IT sector changed dramatically and HP for some reason didn’t."

HP's current Chief Executive Officer, Meg Whitman, is trimming expenses to offset a period of declining revenue and to free-up more cash for research and development. And that's been HP's basic problem. It's a bit boring - too much emphasis on cost cutting and not enough on developing exciting new gadgets, Robert Sicina, said.

http://blogs.aljazeera.com/americas/2012/05/24/hp-hits-crossroads-capitalism

[onehandle]

1. Whitman, like Mittens, destroys and collects a paycheck of millions.

HP succeeds, HP fails.

Either way, Whitman makes out like a Bain Bandit.

[KansDem]

3. Hey! I think you've created a word for the times!

"Bain Bandit" = "Baindit"

...to be used for describing this kind of "capitalism"

"Baindit" (n)
Someone who reaps great wealth by destroying the lives of others.

Man, those Wall Street brokers made out like baindits!

[Zalatix]

4. Baindit, robber baron, all the same thing, really.

[onehandle]

6. Nice. Now add it to the Urban Dictionary. nt

[Initech]

2. And how much is Meg Whitman planning to profit off this?

Fucking thieves - every single last one of 'em!!

[bluesbassman]

10. Enough to recoup the massive loss she took trying to buy the last California gubernatorial election.

[Initech]

12. And we all know how much that failed didn't it?

I think the Koch Bros. should take a lesson from Meg here - you just can't buy elections with the wrong candidate.

[denverbill]

5. Being a CEO is easy if you don't give a shit about people.

She clearly doesn't.

[SoCalDem]

7. My son has one of those jobs in jeopardy with HP

[mojitojoe]

11. So do I

[SoutherDem]

8. Because of HP I am now using Apple

Back in 2005 I purchased a laptop from HP. Before the warranty expired it stopped working.

After dealing with customer support for over an hour they sent me a new transformer.

When that didn't work they set me a box to send it back for repair, this took another hour with customer support. While on the phone they tried to sell me a service plan.

One week later I get a call from someone who had such a thick accent I could hardly understand. I was told my computer had a bug.

I thought virus but they meant an insect. I was told this made it a bio hazard, and they wouldn't work on it.
I asked them to return the computer, I would clean the "bug out" I was told that would void the warranty.

So, they won't work on it because of the "bug", if I take the bug out they will work on it but charge me.
When I wrote the corporate office I received a call and we reached an agreement that if I get a computer repair person to remove the but, they would then repair the computer under warranty. But, the person added assuming whatever was wrong wasn't user neglect, the bug may have caused the problem.

Basically, they won't repair the computer under warranty and even stated in a nice way I purchased a cheap computer and it wasn't worth repairing.

I gave up, I wrote the corporate office listing all of the HP products I had purchased which included this laptop, a desktop, printers, scanner, camera, not to mention multiple ink cartridges. I let them know I would never spend another penny with HP. I even gave away a printer to a friend which was only 2 months old so I wouldn't have to purchase HP ink.

I did purchase a used HP exact same model as the one that broke from a friend. It worked until the screen was broken.

I then started purchasing Apple computers and haven't looked back.

Here is the kicker. My sister needed a laptop and didn't want to spend a lot on it.
I took my dead laptop with a good screen and my good laptop with broken screen figured I had nothing to lose, found the service manuel on line and took the screen off the bad computer put it on the good computer and my sister is still using it. But, when I had the dead computer torn apart I did not see one bug or any evidence bugs have ever been present.

HP simply didn't want to repair what they consider a disposable computer, it would cost them too much.

I am sorry about those people losing their jobs, but HP sucks and I can't shed any tears over their problems.

[Egalitarian Thug]

9. Another example of what was right about America turned into a a study on

what is wrong with America. HP was assassinated by Carly & the BoD over a decade ago. They all stole millions as they gutted this once great company and got huge tax breaks for doing it.

[GObamaGO]

13. So Meg Whitman is going to finish the job Carly Fiorina began