HP is on a downward slide that not even the combined powers of Jesus, Allah and Krishna can arrest.
The Silicon Valley company that once inspired countless entrepreneurs including the late Steve Jobs has no hope in hell of extricating itself out of the sinkhole it’s trapped in.
HP’s inevitable miserable destiny proves that big corporation staffed with overpaid, hyper-ambitious, clueless executives are as dumb as you stupid fucks once you look beyond their phony smiles, smug attitudes, expensive suits, the corporate mumbo-jumbo they spout and the overpriced acquisitions they make.
Missed Mobile Revolution
When all the world is agog over iPhone 5, Samsung Galaxy 4, next generation iPhone, iPad Retina, iPad Mini, Android etc, HP has completely missed the ongoing mobile revolution.
HP is nowhere in the picture!
Nothing to sell in the mobile arena!
Zip! Nada! Zilch!
When the BBC recently asked HP CEO Meg Whitman if HP would make a mobile phone, this is what the hag had to say:
We want to. Because it’s a very import part of personal compute. What we haven’t figured out yet is how to do that without just being a me too product….So we’ve got our best people thinking through, ok, what is the HP play in that part of personal compute a smartphone or its next incarnation.
Take your time, Meg.
What’s the big hurry?
After all, Apple has sold only 319 million iPhones so far. 😉
Samsung’s Galaxy 4 smartphone will doubtless create a frenzy when it hits stores this month.
All while HP’s “best people” are still “thinking through” their mobile phone moves.
HP once had a strong R&D and engineering team that was the envy of the computer industry.
But all that is history.
Today’s HP is not even a shadow of its old-self!
No Hope in Hell
I’ve long considered Meg Whitman a much overrated executive who was lucky to land at eBay when it was still a fledgling company.
It’s highly unlikely that Meg Whitman will be able to pull off a turnaround at HP.
Since Whitman was named CEO about 19-months back, I’ve seen little to suggest that HP has a future.
To be fair to Meg, she inherited a lot of HP’s problems (since she was on the company’s board before becoming CEO she shares some blame for even the inherited problems).
But she’s done little so far to lay out a new path to the future!
Even after a sharp decline in its stock price in recent months, Apple’s market capitalization at $408 billion is 10 times that of HP.
The smart money sure knows HP is on its way down!
Down, Down, Down
In HP’s fiscal first quarter of 2013, the company’s PC revenues were down, printer revenues were down, server revenues were down, storage revenues were down, enterprise service revenues were down, technology service revenues were down and software revenues were down.
To compound HP’s problems, the PC business is cratering worldwide.
If HP survives in its present form beyond a few years, I’d be extremely surprised!
HP was never a big name in consumer products anyway.
If I remember correctly their big business was Printers and Toners.
They were also making some Unix servers which some companies used.
Put simply its not in their dna to make products that would appeal to regular joes.
Frankly they should follow IBM’s strategy and just focus on the Enterprise Server market and may be technology consulting services.
HP will take another stab at the consumer market – Its tablets are coming out next month (the company’s second attempt at tablets) and a phone will likely follow sometime later this year or next. Both will be duds and hundreds of millions will go down the drain.
With cloud storage, larger hard-drives etc, people are printing less these days. So HP will continue to see declining revenues/profits on printers and toners.
On enterprise servers and services, HP faces strong competition from a more focused IBM.
PCs and laptops are extremely low-margin businesses.
HP will continue to plod along for a few years.
Bottom line, HP right now is where Sun was some eight years back – clueless, rudderless and hopeless!
Can’t argue with your logic, I must say I agree with you on Meg Whitman as well, she was a bad choice for this position.
You said “When all the world is agog over iPhone 5, Samsung Galaxy 4, next generation iPhone, iPad Retina, iPad Mini, Android etc”.
It looks SI is unaware the latest sensation HTC One:
All the above may be history…Whatsoever, Meg Whitman fails to understand when companies like HTC with the best research labs and innovative products for mobile phone segment, still struggling to survive…
HTC One seems to be attracting good reviews:
I’ll check it out the next time I go to BestBuy.
HTC lacks in its Marketing Department. Otherwise HTC One is a top notch product. See this article how samsung is wary of HTC One…
Finally HTC is getting its due credit?
One of the biggest negatives for the upcoming Samsung Galaxy 4 is its plastic body!
Unacceptable, cheap feel for a $600 or $700 device! 🙁
While Whitman at least have their best people “thinking through” on their smartphone, Blackberry CEO concludes himself that tablets are not a good business model and in five years from now there’ll be no reason to own one!
The shit some corporate guys talk! 🙁
I fell off the chair when I saw the headline yesterday.
BlackBerry CEO Thorsten Heins will likely be out of a job in less than 2-years. Blackberry is living on borrowed time!
Willful Ignorance grows as one goes up the corporate ladder.
I think willful ignorance and its abetment is often related to vested interests, a point not made in your above Rational Wiki link.
For instance, the Republican Party and their Corporate Benefactors and Fox News encourage delusional thinking/Willful Ignorance among the 50 Plus White trash crowd so that they can get them distracted from the real issues of corporate plunder, pollution, bad tax policies, lobbyist power, need for unions etc.
I’ve encountered blue collar White idiots who dismiss the New York Times as a liberal paper (which it is and it’s a good thing to be in an imperfect/unjust world) because they’ve been brainwashed by the trashy Fox News in the interest of Murdoch’s nefarious schemes.
Of all the sick fucks in the world, Rupert Murdoch is probably the sickest. The divisive filth in the guise of news, talk-shows and entertainment that Murdoch spews has encouraged willful ignorance more than any other factor. Chew on that! Boy, am I glad he’s getting fucked in the UK for bribing cops, tapping phones of murdered children and other dirty deeds.
Without Fox News and the corporate sponsors like the Koch Brothers, there would not be any Tea Party and the recent explosion of fatal Willful Ignorance in America. 45%-55% of America believes Tax Cuts for the Rich and simultaneously cutting benefits for the less fortunate are excellent policies (this Willfully Ignorant 45%-55% routinely votes for the Republican Party).
But such is life – A Gandhi is an exception, little Stalins the norm!
I think, we all tend to have willful ignorance at varied levels that is convenient to us and our situations.
Your statement of Gandhi coincided with me reading this.
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