Comments on: Why can’t HP’s board get over Hurd? http://blogs.reuters.com/felix-salmon/2010/11/06/why-cant-hps-board-get-over-hurd/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: nyet http://blogs.reuters.com/felix-salmon/2010/11/06/why-cant-hps-board-get-over-hurd/comment-page-1/#comment-20411 Mon, 08 Nov 2010 22:08:14 +0000 http://blogs.reuters.com/felix-salmon/?p=6021#comment-20411 “Lets review HP under Hurd… Sales up sharply… costs slashed… stock price DOUBLED during a period of truly poor performance for U.S. large cap equities.”

They say that a bubble is visible only in retrospect. One could say that about bad judgment as well.

The Wall Street view of Hurd is based on chronic “short termism”, but it is worse than that. It is a inability to make good judgments about research and development in a highly technical field that Wall Street analysts are simply not qualified to evaluate. HP has “slashed costs” to the point of scattering its seed corn to the winds.

I stand by my comment that Wall Street’s love of Hurd is basically slobber. It would be pathetic if it didn’t have the effect of undermining good judgment in the technology industry.

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By: y2kurtus http://blogs.reuters.com/felix-salmon/2010/11/06/why-cant-hps-board-get-over-hurd/comment-page-1/#comment-20353 Mon, 08 Nov 2010 18:03:03 +0000 http://blogs.reuters.com/felix-salmon/?p=6021#comment-20353 This HP stuff is pure gold… Remember that it was Hurd who actually starred in an earlier scandal at HP in which he (through a deligate who later got axed) hired private-I’s specifically to gain the telcom records of all HP board members because their loose lips might have been sinking HP strategy ships. I belive the Pre-texting laws resulted from exactly that event. Amazingly ironic that the same HP board is now leaking materials about Hurd.

To nyet’s point… I work in Portland, ME but since I manage investments I guess I get painted with the “Walsteet slobbering” brush… Hurd obviously had some personal faults but may god strike me down if he wasen’t a fantastic manager during his tenure.

Lets review HP under Hurd… Sales up sharply… costs slashed… stock price DOUBLED during a period of truely poor performance for U.S. large cap equities.

Ellison and Oracle were wise indeed to look at this dirty drama and come to the quick decision of “got-to-get-me-some-of-that-Mark-Hurd-Ac tion!”

ORCL + 16.24% post Hurd hire for those keeping score at home…

For the sake of my ORCL shareholders I hope he makes more discreet arrangements this go-round.

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By: nyet http://blogs.reuters.com/felix-salmon/2010/11/06/why-cant-hps-board-get-over-hurd/comment-page-1/#comment-20242 Sat, 06 Nov 2010 20:44:49 +0000 http://blogs.reuters.com/felix-salmon/?p=6021#comment-20242 I worked for HP back when they had Silicon Valley employees. You would not believe how the buildings have emptied out. All those free trade advocates should be required to take a tour. Hurd only cut R&D by 75%. That was, and is, a real problem for HP. Funny no one addresses it.

Meanwhile Wall Street slobbered all over HP, praised Hurd to the skies. That is another real problem. Funny that no one addresses it.

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By: MattF http://blogs.reuters.com/felix-salmon/2010/11/06/why-cant-hps-board-get-over-hurd/comment-page-1/#comment-20239 Sat, 06 Nov 2010 17:21:06 +0000 http://blogs.reuters.com/felix-salmon/?p=6021#comment-20239 Not to mention poisoning the well for the new CEO. Sounds to me like the cabal that won the battle at HP is intent on burning down the ruins.

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