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HP’s Fantasy 5-Year Turnaround Plan

11/27/2015

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By Steve Tobak, Fox Business
According to the woman formerly known as CEO of Hewlett Packard (HPQ), Meg Whitman, the two companies formed by her decision to split the storied Silicon Valley tech giant are currently in the fourth year of a five-year turnaround effort. And everything’s going according to plan.  
The former eBay chief even joked at a recent event that “turning around HP was relatively easy versus running for governor of California,” referring to her spectacular loss to Gov. Jerry Brown after spending a record $140 million of her own money on the failed campaign.
Here’s the thing. The only HP turnaround that can accurately be described in the past tense is the one that was brilliantly executed by former chief executive Mark Hurd – now co-CEO of Oracle. Clearly, Whitman misspoke, since she’s still got one year left on her five-year plan and, as we’ll see in a minute, she’s certainly not there yet.

Read more at Fox Business.

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H-P stock rally not seen since Mark Hurd era

2/22/2013

 
By Benjamin Pimentel, MarketWatch

Hewlett-Packard Co. shares rallied Friday like it’s 2008, when Mark Hurd was the Silicon Valley giant’s boss.
 
But while current Chief Executive Meg Whitman got upbeat reviews for H-P’sfiscal first quarter, some analysts have mixed views on her declaration that the company will not be broken up.

[SNIP]

In the call with analysts, Whitman said: “I’ve said many times, I feel quite strongly that we are better and stronger together. H-P over the last 10 years, I think, has put together the most valuable franchise in IT.”

That franchise was viewed as a tech juggernaut just five years ago when H-P,
under Hurd, was a Wall Street favorite.

Full story at http://articles.marketwatch.com/2013-02-22/industries/37235242_1_h-p-shares-mark-hurd-pc-market

Steve Jobs tried to help Mark Hurd regain his job, says report

1/10/2013

 
By Charles Cooper, CNET
A fascinating nugget turns up in BloombergBusinessweek's excellent piece on Hewlett-Packard: None other than Steve Jobs reached out to offer counseling to Mark Hurd after Hurd had walked away from his job as HP's CEO.
Three days after he'd resigned as CEO under pressure from the
company's board of directors, Hurd received an e-mail from Steve Jobs. The Apple founder wanted to know if Hurd needed someone to talk to. Jobs had lived through a similar experience decades earlier when Apple's board turned on him, an analogy Hurd and Jobs's mutual friend and Oracle CEO Larry Ellison was quick to draw, condemning Hurd's ouster as "the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago." 
 
 Hurd met Jobs at his home in Palo Alto, according to people who know both men but did not wish to be identified, compromising a personal confidence. The pair spent more than two hours together, Jobs taking Hurd on his customary walk around the tree-lined neighborhood. At numerous points during their conversation, Jobs pleaded with Hurd to do whatever it took to set things right with the board so that Hurd could return. Jobs even offered to write a letter to HP's directors and to call them up one by one.
Full story at http://news.cnet.com/8301-13579_3-57563284-37/steve-jobs-tried-to-help-mark-hurd-regain-his-job-says-report/

HP's Been A Mess Since Mark Hurd Left

8/28/2012

 
By Jay Yarow, Business Insider

HP's stock is at an eight-year low as investors flee from a company that's been in a tailspin since ex-CEO Mark Hurd was forced out over a sex scandal.

It's truly amazing to see how much this company fell apart once Hurd left. Would the company have crashed under his watch?

Read the full story at http://www.businessinsider.com/chart-of-the-day-hps-stock-after-mark-hurd-2012-8#ixzz2NdzV8M2b

HP To Mark Hurd: Please Come Back, All Is Forgiven

6/26/2012

 
By Saibus Research, Seeking Alpha

We recently compared, analyzed and evaluated the financial performance of Hewlett-Packard and Oracle since Mark Hurd was forced out. We have to agree with Oracle CEO and Founder Larry Ellison when he  said that "The H.P. board just made the worst personnel decision since the  idiots on the Apple board fired Steve Jobs many years ago". Since Larry had  co-founded Oracle, we believe he knows what he is talking about when it comes to  technology talent. 

Read the full story at http://seekingalpha.com/article/683481-hp-to-mark-hurd-please-come-back-all-is-forgiven

Mark Hurd's moment

3/2/2009

 
By Adam Lashinsky, Fortune Magazine

When Mark Hurd is at home in California, he wakes up each day at 4:45 A.M. - without an alarm clock. The certitude that a competitor in the Eastern time zone is already trying to gain an upper hand - Hurd uses a mild expletive to suggest what rivals might be trying to do to him - drives him to pop out of bed unaided long before sunrise.

Such is the mindset of one of the planet's most competitive chief executives, a fierce collegiate tennis player turned computer sales guy who loves numbers as much as he detests the spotlight. In four years he has lifted Hewlett-Packard from an industry doormat to the world's biggest technology company, and one of its Most Admired (No. 30): Its 2008 revenues of $118 billion surpassed IBM's $104 billion. But HP is not just the largest; it has become the benchmark for efficiency in an industry known more for its whiz-bang appeal than its operational excellence.

Initially belittled as the obscure CEO of a smallish Midwestern ATM manufacturer, NCR, Hurd arrived in Silicon Valley in April 2005 and since has turned HP (HPQ, Fortune 500) into a 321,000-employee juggernaut. "He's all about execution and has an uncanny ability to get things done," says Bank of Montreal securities analyst Keith Bachman, who worked in HP's strategic-planning department a decade ago. "He's the most adept at taking costs out of the system of any executive I know."

Hurd's focus on expenses has set HP up to survive, and perhaps even flourish, in the plummeting economy. HP recently forecast that sales for 2009 would decline as much as 5%, but Hurd still is projecting a nearly 6% rise in profits. He's using the company's financial strength - its balance sheet boasts $11 billion in cash - to make acquisitions, like the $13 billion purchase of massive but flabby infotech consultant EDS in 2008. He's also pushing the notion that customers need not shop anywhere else for their computing, printing, and tech services needs. He can thank his predecessor, Carly Fiorina, for HP's breadth and depth. She was the architect of the tumultuous 2001 acquisition of Compaq.

Read the full story at http://money.cnn.com/2009/02/27/news/companies/lashinsky_hurd.fortune/ 

Q & A with Mark Hurd

1/1/2006

 
Baylor Business Review

Mark Hurd is Chief Executive Officer, President and Chairman of HP’s Board of Directors. He’s an alumnus of Baylor’s Hankamer School of Business. HP is a technology solutions provider for consumers, businesses and institutions globally. The company’s offerings are in IT infrastructure, global services business and home computing, imaging, and printing. With over 150,000 employees and one billion customers worldwide, last year’s revenues totaled $91.7 billion. Earlier this year, Hurd was given the Baylor Business Legend award from the Houston Baylor Business Network.


Read the full story at http://bbr.baylor.edu/mark-hurd-fa06/

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