RE: One thing it could do, is move out of Kalipornia like all of the other success stories seem to be doing. :p
Easier said than done. HP has been in Cali for the longest time ( since its beginning before the second world war ) and most of its employees ( those with expertise ) have their roots in the state.
Leaving CA will be a major upheaval.
If they plan to, they might have to do it SLOWLY.