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HP is Tech's New Top Dog?
bart_scriv writes "BusinessWeek argues that HP is the new Big Blue: 'Now, tech is about to get a new biggest behemoth. It's HP. The Palo Alto, Calif., PC and printer giant had higher sales than IBM last quarter, and analysts project it will finish 2006 with greater annual sales than Big Blue for the first time ever: $91 billion for HP vs. $90.5 billion for IBM. The reason HP pulled ahead is simple: IBM last year sold off its $11 billion PC business to Lenovo Group Ltd. But, because the companies have chosen fundamentally different paths, with HP aggressively going after consumers while IBM focuses on corporations, HP is expected to grow faster than IBM in coming years. Since both use blue in their logos, you might say there's a new Big Blue in the house.'"
It's amazing what you can do when bad management gets out of the way.
Good riddance Carly! You destroyed a good engineering house almost single-handedly!
Compaq is to HP what Etch-A-Sketch is to art...
IBM Market Cap: $120.5B
HP Market Cap: $84.3B
IBM has refocused itself to a large degree as a service company, whereas HP still relies on shipping units.
In any event, neither company holds a candle to MSFT or GOOG in terms of market cap, and those are really the "top dogs of tech" if you want to use a clumsy phrase. HP is certainly more of a "top dog" in hardware, but who cares about that?
beware the jabberwock, my son! the jaws that bite, the claws that catch!