Inreresting
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Maybe.
The plus side of Dion leaving is that his replacement is from inside HP and not another external CEO.
I think there is more to the story.
HP layoffs start 6 weeks before the end of a quarter so if something is going to happen it will be by mid-Sept. But they are pretty good at managing costs so they could wait or possibly ride though it with fewer cuts. I just don’t know how long they can last with supplies sales dropping Y/Y though.
3D printing is just too far off to help. Maybe in five years.
Printer supplies revenue was worse than the company expected, Weisler said on a conference call with analysts. The unit’s performance was hurt by changes in company leadership outside of the U.S. and a weaker economy, he explained. Supplies revenue won’t grow next year and the printer market will remain "soft," Chief Financial Officer Steve Fieler said on the call. Investors will see his successor take "significant" action to reduce the company’s cost structure, Weisler told analysts.
Oct. 3 is the day when.