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Analysts Bearish on Meg Whitman as New HP CEO
Posted By Minda Zetlin On September 23, 2011 @ 11:28 am In Business Software,Hardware,Managing Technology | 1 Comment
Can an exec with consumer tech experience run an enterprise tech company? That’s the question raised  by analysts who spoke to Bloomberg about Meg Whitman’s prospects as HP’s new CEO, following the firing of Leo Apotheker on Wednesday. Apotheker had been CEO for less than a year–after being fired from his previous job as co-CEO of SAP.
Few seemed sorry to see him go. A variety of directional changes had wearied investors and customers. Recently he abruptly shut down the HP TouchPad and sold stocks off at fire sale prices, a move some considered premature. In an interview Thursday, Whitman (who formerly headed eBay and then ran unsuccessfully for governor of California) said she would stick to the plans Apotheker had set in place, including a move to sell off HP’s personal computer division and the acquisition of software maker Autonomy.
That’s bad news, according to the stock analysts Bloomberg interviewed. And given her inexperience in enterprise technology most had a pessimistic outlook for the company.
Read more at Bloomberg .
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URL to article: http://technology.inc.com/2011/09/23/analysts-bearish-on-meg-whitman-as-new-hp-ceo/
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 raised: http://www.bloomberg.com/news/2011-09-22/hewlett-packard-says-meg-whitman-will-succeed-apotheker-as-chief-executive.html
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