HP has struggling ever since it probably made the second stupidest decision ever to fire Mark Hurd as CEO over a minor affair (the fist being to then instate Leo Apotheker as CEO). At an annual financial meeting, HP’s current CEO Meg Whitman had strong comments in an address to analysts. You may recall previously Whitman was Ebay’s CEO and ran unsuccessfully for governor of California before taking her current job at HP.
Whitman’s admitted the company was too slow in many cases, missing out on deals with large customers because it couldn’t “deliver the goods.”
“We have got to up our game substantially in how we do things at this company,” said Whitman. “We don’t always look carefully at how we can optimize our end-to-end processes. We’ve got to demand a consistent level of quality.”
Whitman additionally added “often we show up late.”
“HP is just a little late to the game,” said Whitman. “We still have a lot of work to do in our go-to-market operations, our partners and our direct sales teams, at the appropriate speed.”
“Wintel-based devices are being aggressively displaced by ARM-based PCs and mobile devices.”
“PCs are declining while tablets are growing.” She said such disruptive forces “are very real” and would continue.
Whitman said the competitive landscape is also changing dramatically.
“Our competitors are expanding across the IT stack,” said Whitman.
But, she added, “I like our assets better than most of our competitors’ assets as we head into this new style of IT.”
Whitman was optimistic by the end of her talk saying by 2016, she promised, HP will be “an industry-leading company.”
The OEMs have long had success feeding off Microsoft putting out complete garbage, their time has come. Welcome to 2013 Meg.