https://www.information-age.com/hp-reports-largest-loss-in-its-history-2117623/
11 replies (most recent on top)
It does appear that HP Inc is planning on riding the printer business as long as they can even though the market is shrinking. It could work for a few years as they grab more market share (add supplies revenue) but at some point it will go south. 3D printing has a future but it won’t contribute much overall for at least 5-10 years. At that point HP could decide to dump printing and PCs or just scatter it all to the wind. In the short term maybe Xerox is a workable plan.
I'm surrounded by id--ts....
I guess I missed it. How is John V getting let go the VERY REASON Xerox sells to HP in 2019?
Actually, John V. being let go at HP in 2012 may be the very reason Xerox sells to HP in 2019. Meg Whitman left HP in 2017 after a disastrous 6-year return to the company. After splitting HPE and HPQ into separate companies, HP Enterprise is growing modestly, but the print division of HP (HPQ) has been struggling. The biggest challenge for HPQ is declining supply revenue, which is why the Xerox MDS portfolio is so attractive. Independently Xerox and HP don't have bright futures, but together they could be something. Or, at least they have to try.
HP isn’t buying this bucket of cr_p
Its Icahn's decision, not JV
I did not realize he was fired. Don't underestimate this. He could be very angry still at HP and not sell to them out of spite, even though that part of HP isn't the one that would buy Xerox. Just ask Kodak how it worked out to hire bitter HP execs like Perez. Perez wanted so badly to crush HP that he hastened Kodak's demise in the process.
This post made my day.
It seems Norwalk is filled with losers with no real intelligence. Who else would take a position than will last less than 36 months. It doesn’t take talent or brains to do what JohnnyV and SteveB are doing. Only in America can you be grossly overpaid for incompetence.
what a crock of b---s--- they feed these people
https://seekingalpha.com/article/4236320-xerox-corporations-xrx-ceo-john-visentin-q4-2018-results-earnings-call-transcript
HP recently ejected that head of its services business, John Visentin. "After watching and working closely with the group over the first 9 months, I decided that we were not making progress fast enough in terms of the turnaround and so decided to make a leadership change," said Whitman yesterday.