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From glass house, HP stones Dell's "tough road" to privatization

In the wake of Dell, Inc. (DELL) founder Michael Dell confirming rumored plans that the computer giant was going private, embattled rival Hewlett-Packard Comp. (HPQ) was swift to blast the move.

In a press release HP sniped:

Dell has a very tough road ahead. The company faces an extended period of uncertainty and transition that will not be good for its customers... [Dell's] ability to invest in new products and services will be extremely limited. Leveraged buyouts tend to leave existing customers and innovation at the curb.

The company also took aim at Dell's "significant debt load" and suggests that it is eager to execute "plans to take full advantage" to poach Dell customers "eager to explore alternatives."

The statement seems a bit comedic coming from HP, whose shares have fallen 66 percent in the past three years.  HP has floundered in the mobile era, eventually abandoning ship on smartphone efforts.  It's fired or forced out two chief executives in the past three years, and its most recent executive, former eBay, Inc. (EBAY) CEO Meg Whitman has cut the company's outlook three times already, since she took over in Sept. 2011.

The statements are not HP's first flamboyant comments in recent months.  Since Ms. Whitman took over the company seems to be relishing its role as a melodramatic attention-seeker.  Most recently it engaged in a war of press-releases with former Autonomy CEO Mike Lynch, whom HP is alleging committed financial fraud.

Expect more groan worthy releases to land in months to come, as HP continues to lash about.

Source: HP



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RE: In opinion HP is the worst...
By scrapsma54 on 2/6/2013 4:55:40 PM , Rating: 2
The mantra applies that if you know what you are doing with a pc and know how to take care of it it will last. so I wont argue that. I will say that their PC's have been known to have poor solder quality. It is almost guaranteed to fail and with laptops you really cannot do much with their systems when repair is involved. Just chucking the system into an e-waste bin is the only solution or just parting them out. It used to be that laptops are a worthy investment no matter how old the system. This is no longer the case.


By scrapsma54 on 2/6/2013 5:06:40 PM , Rating: 4
And lets not forget its sheer neglect of acquiring palm's web os.


"We don't know how to make a $500 computer that's not a piece of junk." -- Apple CEO Steve Jobs














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