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This Is Why Hewlett Packard Just Announced Another 16,000 Job Cuts
Zero Hedge ^ | 5-22-2014 | Tyler Durden

Posted on 05/22/2014 3:18:39 PM PDT by blam

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To: justiceseeker93
The stock market doesn't seem to think so. The price is up 6% today (Friday) so far!

I pity the poor fool who gets stuck holding that stock when the market wakes up, gets some common sense and realizes HP isn't even a good printer company anymore.

If the market thinks that cutting 30,000+ employees will return HP to sustained profitability, they've got another thing coming.

41 posted on 05/23/2014 12:19:25 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: usconservative

“Carly Fiorina RUINED that company to the point it will never recover.”

Perhaps but they all got extensive sexual harassment training which looks really good on a resume.


42 posted on 05/23/2014 12:24:59 PM PDT by AppyPappy
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To: justiceseeker93

You’re talking about the stock market like it isn’t rigged or something. There’s been a tank of funny money over the market since 2008.

I remember when a 500 point swing in the market was no big deal. When Clinton came after Microsoft, the market dropped 500 in an hour. Nobody batted an eye.

Now its rare it swings 250 points, and each day almost always ends up, no matter what.

HP lays off 50,000 - the market should tank, because its an infrastructure play.


43 posted on 05/23/2014 3:25:16 PM PDT by RinaseaofDs (.)
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To: blam

HP sold it’s soul back when they sold their test equipment.


44 posted on 05/23/2014 9:24:27 PM PDT by IDFbunny
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To: rarestia

One good example of their ineptness is leaving OpenVMS virtually fallow.
As security becomes more and more important (and a bigger issue) having an OS with an architecture built with security (and reliability) in mind will become more and more important.

The first company that puts out a fully formally verified OS is probably going to get a *GREAT* headway in the market.


45 posted on 05/24/2014 7:19:56 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: kdot
HP bought Compaq who previously bought Digital. I worked for Digital and lost my job because of it. 20 years and I’m still cheesed.

Really?
What did you work on?

46 posted on 05/24/2014 7:21:42 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Some Fat Guy in L.A.
HP is right up there with Microsoft on my loathe list. I have a HP printer that purely sucks. Worst of all it will not accept refilled cartridges so I’m stuck subsidizing their incompetence.

I actually like MS a bit more than HP — at least MS does seem to be pushing some innovation/care for products, HP not so much.
I'd bet on MS to put out a fully formally verified OS before HP (I'd bet Linux will never be fully verified).

47 posted on 05/24/2014 7:27:52 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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