“If Hewlett-Packard Co. ever hopes to match International Business Machines Corp. in the service and servers game, it needs to learn how to pick a chief executive and leave that person in as CEO,” John C. Dvorak writes for MarketWatch. “As we all know now, the company has ditched former SAP AG Léo Apotheker for ex-eBay Inc. boss Meg Whitman.”
“Whitman will get nowhere, and I predict that she will be gone within 24 months. This isn’t based on anything she may or may not do; this is based on the track record of what is turning out to be a weird board of directors at H-P,” Dvorak writes. “It’s made up of a few telecom folks, a coder, insurance-company people, straight-up investors. Not sure what any of them brings to the table, except for perhaps Executive Chairman Ray Lane and Executive VP Ann Livermore.”
Dvorak writes, “Whitman may be the perfect chief executive for H-P, since she was involved in auctions and the company could be sold off in pieces. After all, the book value is around $19, which seems to be about where the stock price is headed. Perfect time to auction off everything! Perhaps she’ll sell the whole company to Apple Inc. or Oracle Corp. or even to IBM. And to heck with a premium, sell it at a good, low eBay price! Click and buy.”
Read more in the full article here.
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