HP had some bad acquisitions before Carly became CEO. They shouldn’t have bought Compaq...
No Compaq was good, but she destroyed the reliability with some decisions about investment into it. She refused to adapt and let the whole thing die.
Compaq servers ensured you kept your job. HP bought Compaq to kill the Compaq so people would buy HP servers. Instead, Dell stepped up.
She ignored Android until it was too late.