Comments on: Hewlett-Packard and the M&A scoop A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: TFF Sat, 20 Aug 2011 14:22:31 +0000 “I’ve never seen such a well managed well run company fall down a flight of stairs so quickly after a management change.”

Quality management is proven over a period of years… Fiorina saddled HP with a low-margin PC business, at a time when well-managed companies like IBM were getting out. Hurd slept with the help, while the board was playing footsie under the table. Apotheker may be taking the company in the right direction, but does he have the vision to make it work?

The management of HP has been generally abysmal for a decade, yet they have leading positions in servers and printers/copiers, and have a decent chance of establishing themselves in services. The Autonomy purchase is probably overpriced — but it is a profitable and growing business. Even bad management ought to be able to turn a profit on that mix!

As for selling their PC division, I wonder if Microsoft could be interested? They certainly have the cash to do so, and the demise of HP/Compaq would be the death knell for their Windows franchise. If Google saw synergies in the integration of their software with Motorola’s hardware, might Microsoft grasp at the same straws?

By: Kaleberg Sat, 20 Aug 2011 04:20:33 +0000 Well done. Buy on the rumor, sell on the news.

I actually like this new trend towards desperation buy outs. A failing company with a big pile of cash, and don’t they all have big piles of cash, decides it needs some eclat, so it overpays for Motorola or Autonomy or something with a convincing sounding “synergy” story. Since the economy isn’t going to pick up until the top marginal rates are raised, the only way for some companies to survive is to merge and pray. The trick for us investors, I suppose, is figuring out the desperation buy.

By: y2kurtus Sat, 20 Aug 2011 02:08:12 +0000 Great spot Felix… that zero hedge call was one of the best I’ve ever seen in 15 years!

HP is such a mess and they so badly mishandled this release of bad news that it looks like they are a ship with no one at the helm.

Wallstreet is IN LOVE with spin-offs right now. MRO, COP, FO, KFT… all well received by the market. Instead of spinning off the unloved PC division they decide they are going to sell it. SELL IT TO WHO…

Can anyone ever remember even ONE TIME where a #1 marketshare industry leader sold themselves?

Do they think GE is going to say? HUMMM HP thinks there is no money and no future in the PC businss, funny I seem to remember IBM saying that like 10 years ago… Let’s go buy us some of that?

I’ve never seen such a well managed well run company fall down a flight of stairs so quickly after a management change.

This could get sooooo interesting. I bet Ellison and Icahan are licking their chops…. could you imagine the drama of Hurd leading the barbarians at the gates smashing his way back into the HP board room by force. Remember that this guy invented pretexting and phone hacking like 10 years ago going after HP’s own disfunctional directors some of which were so stupid as to be leaking confidential information after board meetings.

This could be a movie… I mean a real go to the theater and pay your $9.95 and buy your $7 popcorn movie. I whish I was a screenwriter.

Hurd to HP board: “You push me out? No no no… I push you out. I brought this stock from $26 to $52 cutting fat, growing sales, getting closer to our customers… we’re talking about 50,000,000,000 in 12 months… and you fire me over a WOMAN… A WOMAN… I DESERVE A COMPANY BROTHEL FOR THE MONEY I MADE YOU!!! Instead you throw me out and drive my company into the ground? You pick a fight with Cisco, pick a fight with Oracle, Pick a fight with Apple…. Well now you got a fight with ME… lets see what the shareholders think.”

I mean this could be better than the 1st Walstreet or Other People’s Money. I’m thinking Pacino plays Hurd. I’ll be watching this story with great interest.

By: ottorock Fri, 19 Aug 2011 20:49:03 +0000 sadly zerohedge is akin to The Ancient Mariner and stoppeth only one in three.