While Fiorina was there, the company lost half it’s value.
She left, and we’re supposed to swallow without chewing the idea that what she did was the reason the company flourished after she left.
The people that replaced her deserved no credit whatsoever. Only Fiorina does.
That’s the best her campaign could come up with?
Ouch.
While Fiorina was there, the company lost half its value.
by what measure? cap rate? earnings? cash? sales? revenue? if stock valuation, what did the market do in general at the same time? just some questions on the “lost half it’s value” — which doesn’t happen in the stock market at all. i like her probably won’t vote for her unless she is the last man standing on the pub side.
from usa today which is worth crap
Fiorina did make the company larger in terms of revenue. The companys total revenue jumped, largely due to massive acquisitions like Compaq.
and they took on debt. Stock price means nothing unless you need to raise capital via that market. which they didn’t need to do. all stock take hits and it is reflective of the market as a whole and to trader perceoptions. in most cases it is not relevant to the value of the company based on fundamentals. Which no one looks at anymore. It’s too much work. from the 1999 balance sheet
Financial Highlights
Unaudited
For the years ended October 31
In millions except per share amounts 1999 1998
Increase
Net revenue $42,370 $39,419 7%
Earnings from operations $ 3,688 $ 3,399 9%
Net earnings from continuing operations $ 3,104 $ 2,678 16%
Net earnings per share from continuing
operationsdiluted: $ 2.97 $ 2.52 18%
Return on assets 9.8% 9.4%
Shares outstanding at year-end 1,005 1,015
Fiorina made meaningful and positive changes that were absolutely detested by the complacent, non productive and very self satisfied HP management and work force.
She was bringing HP into the 21st century when the dotcom boom busted.
At the time, every tech companies’s stock took massive hits as the bubble inflated tech stocks boom burst.
A lot of very good companies went under for good and HP might have went under for good if it were not for the changes Fiorina put in place.
This has been addressed multiple times. You are letting the stock analysts she pissed off by not kissing their rings and manipulating results to make them look smart make your Presidential pick.
Fiorina started with HP in 1999. The Dot Com bubble burst April, 2000. NASDAQ was at 5000 then. It took 15 years for the NASDAQ to hit 5000 again.
There is a FReeper here who worked at HP during her tenure. He/She has only good things to say about her. Wish I took down his/her handle.