HP’s Whitman vows to keep the company intact, ‘on track’ - schmidtlonst2001
Hewlett-Packard's CEO has dismissed lasting rumors that the company might break itself up in a move that could create more value for shareholders.
"We have no plans to burst up the company. I look quite powerfully that we are wagerer and stronger together," Whitman said on H.P.'s quarterly earnings call Thursday, responding to a question from an psychoanalyst most the company's plans.
Rumors that HP might break itself up have persisted since former CEO Leo Apotheker said ii years ago that Horsepower mightiness sell off its underperforming Personal computer business organisatio. HP later replaced Apotheker and said IT would retain the division.
One principle for a break-dormy is that HP's shareholders would arrive more value if more rewarding parts of the business, much as the printer and services divisions, are set-apart from otherwise divisions.
Microcomputer committedness emphasized
Earlier in the earnings call, Whitman went out of her path to say HP is committed to its person-to-person systems business, which includes its desktops, laptops, and workstations, equally well as the nascent tab business organisatio H.P. is hard to grow.
"I truly believe this is a stage business we need to be in for trio reasons," Whitman said.
One is that "no matchless understands computing corresponding HP, from the data center to the gimmick," she aforesaid. The s is that "the emerging is convergence. As the complexity of the calculation ecosystem goes up, our ability to bring whol the pieces together becomes a competitive advantage."
The third reason is that security concerns are increasing, and HP "understands how to balance access and security department," she said.
"Information technology's going to take us time to get back on track, but we've made significant progress over the past year" with newfangled hardware designs and "multiple operating systems that are sledding to springiness us the flexibility to meet a miscellanea of customer needs," Whitman aforesaid.
Still, it's not acquit Horsepower potty respond quickly decent to take vantage of the fastest-growth section of the PC market—tablets—Oregon that it can become a player in smartphones, a marketplace it gave abreast under Apotheker but now says it testament re-enter.
"The pace of these shifts [in the market] is really accelerating," Whitman said.
HP's challenge
The PC patronage is a tough one to be in, and in the short full term its prospects look bleak. HP rumored a drop in sales and earnings for the quarter just over, partly due to an 8 percent sales decline in its personal systems group. That business was weaker than HP awaited in the quarter just ended, and Whitman doesn't expect it to improve this business year, she said.
Dingle also reported a drop in PC sales this workweek, and Michael Dell is trying to subscribe to the company private so helium can work on building out Thomas More profitable businesses away from the intense scrutiny of Wall Street.
Over the past ten years, HP has built "the most valuable franchise in Information technology," Walt Whitman same.
"When you think about our brand, our scale, our dispersion, our go-to-market, collaborationism happening R&D and provide chain, I think we've got a great set of assets," she said.
"Significantly, customers wishing this party to be together, and we detected that loud and cloudless happening August 18, 2022," Whitman said. That's the sidereal day HP aforesaid information technology was considering a spin-off of its Microcomputer business.
Still, HP wish eventually have to read its shareholders that "better together" is the right strategy, something Whitman alluded to along the call.
"Over time, the business sector performance has to underscore the value of better together," she said.
James Niccolai covers data centers and full general technology intelligence for IDG News Service. Observe James happening Twitter at @jniccolai. James's email address is james_niccolai@idg.com
Source: https://www.pcworld.com/article/456941/hps-whitman-vows-to-keep-the-company-intact-on-track.html
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