HP Trolls Dell Over Buyout, Says it is "Eager" to Poach Dell's Customers
February 6, 2013 3:54 PM
From glass house, HP stones Dell's "tough road" to privatization
In the wake of Dell, Inc. (
Michael Dell confirming
that the computer giant was going private, embattled rival Hewlett-Packard Comp. (
) was swift to blast the move.
In a press release HP
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
fired or forced out two chief executives
in the past three years
, and its most recent executive, former eBay, Inc. (
) 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
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.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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