WSJ on Carly: "H-P's revenues have soared during her tenure, in part because of the acquisition of Compaq. In November, the company reported fiscal 2004 net income of $3.5 billion, up 38% from a year earlier, while revenue at $80 billion was up 9%. Since 1999, revenue has roughly doubled, while net income for 2004, after dropping in her early years as the tech bubble burst, has returned to its 1999 levels. When Ms. Fiorina arrived, H-P had missed Wall Street earnings expectations for nine consecutive quarters.
"Today, however, H-P still faces many of the same challenges as it did when Ms. Fiorina arrived. The PC unit has been losing market share to Dell Inc., and the corporate-computing unit, which includes storage, software and server-computers, has remained weak amid competition from International Business Machines Corp. and EMC Corp., among others. One of the few bright spots has been the company's printing-and-imaging division, which generates more than three-quarters of H-P's profits." H-P stock is up 10% on the news...
Comments
8:05:26 AM
|
|