Thursday, September 22, 2011

Apotheker must be out at HP

We learned in recent days that CEO Leo Apotheker was hired sight unseen by much of the Hewlett-Packard board. We know that he has no sense of how to communicate to the investment community, which may be ok in Germany but does not work here. His radical ideas for the company may or may not be prescient, but he convinces neither his employees nor investors. He's out, a terrible choice for which board heads should be chopped as well.

Hewlett-Packard is a stand out brand, their damn toner sales could sustain them, and with a capable CEO they could attract the talent to revive their already substantial p/c division.

Fire Apotheker immediately, and the risk/reward on this beaten down stock may not be so bad.


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