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To: truth_seeker
The information is readily available for anyone that wants to look it up. When Firorina started her career at the helm of HP, HP's stock was at $52 per share. When she left (was moved out by the board) five years later it was $21 per share. That's a 60 percent drop. During this same period, Dell's stock prices increased. On news of her departure from HP, the company's stock immediately increased 6.9 percent.

Any positives Firorina has are the result of a media makeover.

Not sure what your point was in asking but this stuff is pretty common knowledge.

62 posted on 05/07/2010 5:22:02 AM PDT by gunsequalfreedom
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To: gunsequalfreedom

When she was thrown out the engineers were sending emails “ding dong the witch is gone”. Yet, I will vote for her over Boxer if she wins the nomination (well I’ll vote who ever is the Republican).


69 posted on 05/07/2010 8:57:17 AM PDT by svcw (Habakkuk 2:3)
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To: gunsequalfreedom

“The information is readily available for anyone that wants to look it up.”

Here is what wiki says, including the part about a general downturn in the entire IT business, during her HP tenure.

Do you have any specifics about what she did wrong, at HP?

from wikipedia:

In July 1999, HP appointed Carly Fiorina as CEO, the first female CEO of a company in the Dow Jones Industrial Average. Fiorina served as CEO during the tech downtown of the turn of the second millennium. During her tenure, the market halved HP’s value commensurate with other tech companies at the time and the company incurred heavy job losses.[20] The HP Board of Directors asked Fiorina to step down in 2005, and she resigned on February 9, 2005....

....On September 3, 2001, HP announced that an agreement had been reached with Compaq to merge the two companies.[21] In May, 2002, after passing a shareholder vote, HP officially merged with Compaq. Prior to this, plans had been in place to consolidate the companies’ product teams and product lines.[22]

The merger occurred after a proxy fight with Bill Hewlett’s son Walter, who objected to the merger. Compaq itself had bought Tandem Computers in 1997 (which had been started by ex-HP employees), and Digital Equipment Corporation in 1998. Following this strategy, HP became a major player in desktops, laptops, and servers for many different markets. After the merger with Compaq, the new ticker symbol became “HPQ”, a combination of the two previous symbols, “HWP” and “CPQ”, to show the significance of the alliance and also key letters from the two companies Hewlett-Packard and Compaq (the latter company being famous for its “Q” logo on all of its products.)

Here is an historic shareprice chart for HPQ, IBM, DJIA, and NASDAQ.

http://finance.yahoo.com/q/bc?t=my&s=HPQ&l=on&z=m&q=l&c=ibm&c=%5EIXIC&c=%5EDJI

If you are intellectually honest, you will readily observe that during her tenure, all four measures went down. The NASDAK of that era is probably the best reflection of tech stocks. Including IBM is relevant, for they were and remain both large, old computer tech stocks. DJIA is for general reference.

I believe this dispenses with the “Carly ruined HP” claim.


75 posted on 05/07/2010 3:25:44 PM PDT by truth_seeker
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