Taking Mark Hurd at his word
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If a pledge by HP's boss is a real harbinger, the beleaguered company may rebound sooner rather than later.
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By Damon Darlin  The Hewlett-Packard chairman and chief executive, Mark Hurd, has assured analysts and investors that he plans to continue cutting costs and said he does not foresee making major acquisitions to maintain growth.
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JUST IN At a press conference in Palo Alto, Calif. Friday, Hewlett-Packard CEO Mark Hurd addressed the issues surrounding the investigation into a boardroom leak, saying former chairwoman Patricia Dunn is fully resigning her post from the board. More coverage of this latest development coming shortly.
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In an advance copy of his Congressional testimony released by a House Subcommittee on Wednesday, Hewlett-Packard chief executive officer (CEO) Mark Hurd blamed the scandal that has besieged his company on "a rogue investigation" that got out of hand.
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In response to this recent article from the Hiveminds website, Marco Tabini has a few choice words about some of the topics they cover in the article, and cover incorrectly.   Over the last few years, I've made it a point of trying to respond to at least some of the "PHP is dead"-type articles that crop up on the Net from time to time. The latest one comes from Hiveminds and reveals a complete misunderstanding of almost every point it covers.   He notes that though the article seems to be a coherent whole for why PHP is dwindling, it's "based on nothing more than a string of misinformed concepts cobbled together to give the appearance that the author knows what he or she is talking about". Marco comes back against each of the points made in the article, setting things right and eliminating some of the FUD (fear, uncertainly, and doubt) that the Hiveminds article spreads.
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Hewlett-Packard CEO Mark Hurd said today that his company's cost structure is still too high, despite the strong profitability.
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Mark Hurd is not done cutting at Hewlett-Packard. Not by a long shot.  The HP (HPQ) chief executive officer has already seen the company through a huge restructuring that reduced headcount by more than 15,000 and overhauled its retirement plan.
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Patricia C. Dunn became the first casualty inside the company over the disclosure of its internal spying operation. She will be replaced by Mark V. Hurd, right, the chief executive officer, who disclosed the change at a press conference Friday in which he for the first time publicly discussed the scandal.
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By Jim Hopkins and Jon Swartz  Mark Hurd admits company ran  covert probes in which investigators spied on directors, journalists, others  PALO ALTO, Calif.
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For Reed Hundt, iPhones couldn't have come along at a better time.
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Reg steps in for resigned CEO pickers Should the worst/obvious happen, and Mark Hurd leaves HP, you have to wonder what type of shape the company will be in to pick another leader.â¦
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HP (NYSE:HPQ) (Nasdaq:HPQ) today announced that Mark Hurd, HP chief executive officer and president, will lead a press conference on Friday, Sept. 22, at 1:05 p.m. PT, to discuss the actions HP is taking to address issues regarding the investigation of leaks from its boardroom.
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Dunn-leading Patricia Dunn, chairman of HP, will leave the position in January next year and be replaced by current CEO Mark Hurd. Dunn's position has been shaky since her role in the snooping scandal became public - Dunn hired private detectives to spy on directors and reporters.â¦
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(InfoWorld) - Hewlett-Packard CEO Mark Hurd's assessment of his company's storage sales organization was simple and blunt: "We just don't cover enough accounts," said Hurd on a conference call with analysts Tuesday discussing HP's latest quarterly earnings. Sales of storage products grew only 3 percent during the quarter ended Jan. 31, compared to a year ago, whileÂ HP's overall revenue grewÂ 11 percent, and revenue in the Technology Solutions Group, of which storage is a part, grew 40 percent. "We need to drive stronger top line results in the business," Hurd said. To do that HP will invest in improving sales coverage and hiring more storage sales specialists, he said, as well as better aligning the company with its value added resellers, independent companies that sell HP storage. In other words, HP has to do a better job of reaching out to customers like Gary McCready. McCready is a storage manager in the IT department of a major New York area financial institution, which he did not want identified, and a member of Encompass, an HP user group. Although he frequently receives invitations to HP technical forums or other events surrounding operating systems or servers, he sees very few invitations to HP storage events. "I'm not sure HP is really putting the emphasis on selling storage the same way it puts the emphasis on other areas. I think they figure that storage simply sells itself," McCready said. He also lamented that HP recently merged its StorageWorks convention into the HP Technology Forum, a show devoted to all HP systems. In fact, storage doesn't sell itself, says Rob Enderle, principal analyst with The Enderle Group, a market research firm. The enterprise storage buyer is a very conservative buyer who makes a decision only after careful consideration, which makes for long sales cycles, Enderle said. "If you don't have enough specialists you are not going to get the business." More to the point, a storage specialist needs to know about the specific storage issues facing different industries, said Andrew Reichman, a storage industry analyst at Forrester Research. Storage needs differ for financial institutions versus health care companies, for example, on what regulations companies have to obey, and the types of software they use, Reichman said. "It's hard for storage vendors in general, not just HP," he said, but added that some storage vendors are dealing with the challenge. EMC and Hitachi Data Systems, both solely storage vendors, are organized around sales account managers who are supported by sales specialists who can address specific needs in specific industries, Reichman said. But while Hurd thinks HP's storage sales operation needs attention, it is competitive. HP ranked second to EMC in storage sales worldwide market share in the third quarter of 2006, according to IDC's latest figures. HP's $760 million in revenue gave it a 17.6 percent share, while EMC's $927 million gave it a 21.4 percent share. But HP actually lost market share to EMC that quarter as its sales grew by only 1.8 percent, compared to the year ago quarter, while EMC's grew 18 percent. HP has a chance to improve its sales if it takes some simple advice from customers like McCready: Call me.
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Hurd knows best HP's CEO Mark Hurd plans to stick with what he knows best: cost cutting.â¦
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Mark V. Hurd, assured analysts and investors that he planned to continue cutting costs but did not foresee making major acquisitions to maintain growth.
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Hewlett-Packard chief executive officer Mark Hurd blamedÂ the scandalÂ that has besieged his company on "a rogue investigation" that got out of hand, in an advance copy of his Congressional testimony released by a House Subcommittee on Wednesday.