


Outrage is growing at new CEO's wild restructuring plans



Many shareholders were appalled at the board's decision

The suit, reported






Comments     Threshold


My goodness...
By room200 on 9/16/2011 12:39:11 PM , Rating: -1
All these frivolous lawsuits.

RE: My goodness...
By drycrust3 on 9/16/2011 1:54:54 PM , Rating: 5
I guess it would seem frivolous to those who have no regard for HP. Here is one of the most respected and top selling computer companies in America deciding to get rid of its main sources of income and the reason it is held in such high regard.
Maybe you would understand it better if the motor car equivalent was that Ford gave up making cars, vans, and SUVs, but decided to keep making trucks and wanted to buy a women's magazine publisher. They would be selling not just a profitable side of the business, but also they would be buying into a business which they have little experience running.
It is estimated that within the next 4 years more than half the people that regularly access the internet will start to do so via a mobile device (as in "while being mobile", and not "just transportable"), that means hundreds of millions of people will need one or more of a notebook, a tablet, or a smartphone. HP had products in each of these lines, and they had an Operating System that had avoided patent litigations as well.
And what does the HP Board of Directors do? Bins tablets and smartphones, flogs off the notebook division to the lowest bidder, and shelves the operating system ... oh, and buys a software company that has no relevance to any of this.
For the same amount of money they could have produced several really outstanding tablets and smartphones and still had money to play with.

RE: My goodness...

RE: My goodness...
I was being sarcastic.

