Posted on 01/20/2020 3:03:16 AM PST by Cronos
Then under Meg it first separated HP (printers and PCs) from software (HPE). Then HPE was split into HPE (cloud) and the Enterprise services was merged with CSC to form DXC.
HPE is dying, while DXC is dying fast (continuous drop in revenues, profits and key employees over 6 quarters).
Now HP will be gobbled up by Xerox.
Expect quite a lot of job cuts. That's what HP has been doing for years
That's the only certainty in all this. Thousands of jobs lost here. Thousands of jobs added in India.
How does Xerox have the cash to even attempt this?
I might go and question the value that HP thinks they are worth.
Over the past ten years, on stock prices...the last time they were at $40...was around 2010. For a brief period around 20 years ago, they were near $80 a share, but that all flushed away by 2002. They did pay 70 cents a share back in December per share.
The only positive side to this is that global PC sales are up and figured to stay up for all of 2020.
Or China.
Two mismanaged companies...to be merged into one very mismanaged business...
Hedge Funds.
What it will mean is another bankruptcy for Xerox.
We’ve been holding our breath at DXC, being told there will be a sale or spinoff this year of the part of DXC, (previously HPE, previously HP, previously EDS) that I work in. IT has been being destroyed for decades of offshore and H1Bs. I have been blessed to hang on this long.
So many good people have smartly already left, I stay because at my age it will be difficult to start over and I do love the work. For younger workers in their 40’s or 50’s it would be a good time to get out since the economy is good right now.
“Two mismanaged companies...to be merged into one very mismanaged business...”
Don’t worry, the management will be OK.
Xerox? Does Xerox still exist?
The company has no products and must have products ot die
Both boats sink
HP went from the world’s premiere manufacturer of quality instrumentation to a purveyor of decent printers and crappy PC clones. Now the printer quality is spotty too. HP deserves to die.
I generally think of HPE as the remains of EDS, and HPI as the remains of Compaq plus the printers.
Is there really anything left of the old Hewlett Packard (except maybe the printers?)
As for Xerox, isn’t it pretty much ACS and some printers now?
HP never recovered form Carly...
What she did to that company was insanity... and the fact the board let it continue to happen long long after it was obvious she was incapable of doing the job rather than admit their Tokenism had failed is indefensible.
I used to work for Xerox. It means the death of HP. Xerox had the worst case of corporate tunnel vision I’ve ever encountered in 45 years of industry experience.
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