Carly Fiorina on HP and the economy: bad management and a "stutter step"

[Bush_Eats_Beef]

Hewlett-Packard chairman and chief executive Carly Fiorina. HP said quarterly profit crashed below market forecasts, blaming management and a 'stutter-step' in the economy.(AFP/File/Mauricio Lima)

http://story.news.yahoo.com/news?tmpl=story&u=/afp/us_companies_results_hp

"I think it's fair to say that in the you know last month or so of the quarter the economy did a little bit of a stutter step," HP chairman and chief executive Carly Fiorina said.

"That is why we did not see the normal acceleration in demand towards the end of the quarter," she added.

"Although we are satisfied with our performance in personal systems, imaging and printing, software and services, these solid results were overshadowed by unacceptable execution in enterprise servers and storage," Fiorina said in a statement.

"We therefore are making immediate management changes. We are also accelerating our margin improvement plans in this business. With these changes, we expect our server and storage business to return to profitability in the fourth quarter," she said.

[FullCountNotRecount]

1. She supports Bush...

so there ya go.

[djeseru]

2. Geez...

...I guess I'll have to steel myself through yet another round of layoffs here.

Maybe you don't need all of those executive "perks" (ie: 5 private jets), Carly...