HP: A Turnaround Story?
Here is my take on this high reaching failure. I am going to be as robust and concise as possible, but my doors are of course always open for any enlightenment. You wont find any fancy ratios or levered cash flow analysis here, but rather purely a rational observation. Ever since I can remember as a child I was fascinated by computers and thought I would grow up to become a computer science engineer. Although much of my childhood manifesto didn't quiet came about, I have still kept my keen interest in the tech industry and what I share here is my personal opinion derived from my observations and experiences. Ever since I can remember HP computers were a piece of crap when it came to quality. I had two, back to back, tell me I was naive! Even as a teenager I managed to research on the web enough and if that wasn't enough just use my observational skills to quickly realize that Compaq, another PC maker was even more of a crap. Lo and behold, the bigger crap purchased its rival crap, wow! what a memorable acquisition that was. HP's eye and perception of what they can shove down the consumer's throat is a failing model, but they have yet to realize their biggest and main problem: quality and service.
The general perception among IT experts are that HP can't live up to its rivals on any ground. Their service sucks, their products are of no quality. Perhaps its a very accurate reflection of their management up to this point. HP needs to revamp its game, by first identifying its products with quality and living up to that promise by means of service. It needs to revamp its enterprise grade quality as well as its consumer market products. It has been well over 10 years now that I or anyone I know of has recommended anyone to purchase an HP laptop. They are just great store displays, like manikins to say the least. I mean generally if a consumer can't afford a Macbook, they look at Sony, than eye Dell, ASUS, ACer, Toshiba respectively and everyone else before they even think of HP. I mean I know a great deal of individuals if I were to count my contact list, but I can safely assume no one individual owes an HP laptop there. My enterprise grade contacts either talk about Cisco, Juniper or Dell, yet again HP falls down the abyss. Even while writing this I'm vigilantly tapping into my conscious effort to understand how HP has managed to survive this long. They have fallen out of favor because simply they failed to live up to high standards. Increasing margins and profits fell short of identifying with the consumer at any level.
Let me break this to you HP, if you don't work on your brand and quality I see you to be another disappointment for all your shareholders; poor suckers. It is rather awakening when I walk into an electronic store and the sales guy/girl mentions all the great laptop lines they carry, but skips HP all together loll. YUP, its the harsh truth. I'm sure Meg's children are not asking for an HP laptop from her for Christmas.
never liked paragraphs anyway...
Lol! +1
This isn't true by any stretch of the imagination. HP ProLiant servers are widely in use and are popular, especially their blade servers.
Oh, you think Macbooks are good computers that are totally worth the money, that explains everything.
Note: This shouldn't be construed as a whole hearted defense of HP, I'm not exactly a fan of their products. But, they're not crap, they're prefectly usable and available at a competitive price. Only one of those attributes describes Apple's products.
NEW Headline reads "HP CEO Seeks Turnaround Unveiling ‘Moonshot’ Super-Server" I'm sure you have a good explanation for that as well loll
http://bloom.bg/Y8m8JP
NEW Headline reads "HP CEO Seeks Turnaround Unveiling ‘Moonshot’ Super-Server" I'm sure you have a good explanation for that as well loll
http://bloom.bg/Y8m8JP[/quote]
A good explanation for why HP is releasing a new server design? Doesn't everyone release new products to meet changing consumer demands? Looks like they're trying to compete with custom built servers.
I stopped reading when he didn't mention Lenovo.
Perhaps to further solidify my claim, today GS downgraded the stock thus resulting in a 6 percent drop. I hope you bought a million shares, when I pulled all this shit out of my ass.
Keep 'em coming, these are great. I love the responses you elicit from readers. Not as good as your responses to Edmundo Braverman, but good nonetheless.
Edmundo comes off as an online bully, which I'm sorry to say doesn't sit well with me.
Satisfied HP laptop owner right here.
There are many satisfied cheap whiskey consumers as well.
Satisfied long HPQ shareholder here
You do realize HPQ is trading bellow the 2008 dip? You must have bought in somewhere around 2003 in which you have generated approximately 35 percent within a 10 year period. Anything longer than you hardly kept up with inflation. I ask myself, what is the sanctification in that? You do know GM had a whole lot of satisfied shareholders like you during their 2009 bankruptcy? Guess who got stuck holding the hot potato in the end.
Lol I'm a long position holder, not long-time shareholder. I took a long HPQ-short AAPL position for a pair trade in Jan...worked out so far but will close it this week.
But yeah ur right, HPQ has been destroying shareholder wealth for quite a while now. I was just on the right side of a trade involving going long HPQ.
Amet suscipit neque alias tempore ab. Qui consequatur repellat quae officiis consequatur dolorum. Ut rerum aut modi et aliquid quod. Est aut facilis magni quasi perspiciatis aut occaecati.
Ut debitis et et laborum. Recusandae necessitatibus rem aut qui. Nisi et quidem ut molestiae voluptatem nobis deleniti. Impedit rerum excepturi et et. Neque repellendus ea est facere sit est at nobis.
Corporis eos numquam expedita id voluptate et totam. Consequatur ea sapiente animi qui beatae quibusdam aliquid.
Voluptatem ea animi amet provident eum. Animi in ut excepturi maxime molestiae corrupti. Aut tempore sed totam neque. Aliquam dolorum cupiditate perspiciatis repellendus fugit incidunt. Tempore maiores aperiam iusto quis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...