I'm in the service division, seeing how Granny Meg is splitting the whole thing appart, what's left of HPE now that software is gone ?
9 replies (most recent on top)
@1dfy - "First sign of change"? Are you kidding me? Where have you been the last 15 years?
@avb - comment what you want, but remember that people who have been at the company for a while and will have a lot wrapped up in 401k's, share schemes, long term investments and bonuses. For some, this is worth a considerable amount of money - some of which you lose if you just "walk away".
So yeah, things could go bad, but WFR allows a for a lot of flexibility. If you leave, you can kiss your bonuses, shares and options goodbye. So yeah, for some it probably doesnt mean much, but for others it means a lot. So sticking around might be worth doing, and seeing what the options are. Jumping at the first sign of change isn't always the best option.
What is left? How about a $30bn company that makes good margin and is either number 1 or number 2 in all of the markets it plays in. That seems pretty good to me!
And dont forget, if you missed the news, Dell sold its software unit to a PE company, and Dell services went to NTT. So you can't say that Dell is any different here - its just that they bought EMC and took on $65bn debt to do so (actually thats not fair, they should have around $5bn-$8bn worth of assets to offset this).
Argue what you want, but there isn't a direct comparison (remember IBM sold off its PC and server divisions a while ago) and what is left is in a better position.
The question should be what is the true value of what the business units have. As the old saying goes - the value of anything is only as much as the amount that someone is prepared to pay. You can claim that your business is worth $100bn, but if the best price you can get is $5bn, its worth $5bn. So we need to be honest about ES, Software and other units.
@uvt and @phk... That is simply being irresponsible with your beloved ones. Maybe you won't get WFRed, but what if you do? With how things are in this Company, I think everyone should be looking for jobs out there. It's better to have offers, and have the chance to choose what to do, than have nothing and be forced out. Think of all the pain (FUD) that your families will need to go through simply because you decided to "wait and see"... Shame on you...
-uvt.
I'm thinking the same thing, should I wait and hope that we get sold to a better company?
I wouldn't consider HPE a threat (direct competitor) to Dell anymore after the Services & Software spin-off. Yes, it will be smaller, but that doesn't translate necessarily into being more agile and/or focused. Big customers are used to procure 'solutions' rather than individual components/services from multiple vendors. If HPE will play the "integrator" role, then we have a huge issue, as there are small start ups out there really kicking @ss... Meg is not doing all of this to position us to win out there... Not at all... This is all about selling us. My question is... Should I stay (like playing the lottery), with the hope that if I survive all the rounds of layoffs, I'll eventually work for a better employer? I would hate to relocate, and all the potential opportunities I've seen would require that...
The analysts call yesterday was interesting. The questioned the high restructuring costs (which is just a nice way of saying wfr) over the next year and did not seem satisfied with the answers. They also pointed out the main competitors being Dell and Cisco. My how we have fallen.
What's left of HPE? Endless uncertainty and even more pain to its remaining souls. Levels 1, 2 and possibly 3 will be fine. The rest, well... We've been in hell already, so I'm not sure how to call the level below that... Who can concentrate and work with an environment like this?
Enterprise Group (servers, storage, networking) and Financial Services