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HP Plans To Cut Product Lines; Company Turnaround In 2016

Posted by Soulskill on from the just-what-investors-like-to-hear dept.

dcblogs writes "Hewlett-Packard CEO Meg Whitman told financial analysts today that it will take until 2016 to turn the company around. Surprisingly, Whitman put some of the blame for the company's woes on its IT systems, which she said have hurt its internal operations. To fix its IT problems, Whitman said the company is adopting Salesforce and HR system Workday. The company also plans to cut product lines. It said it makes 2,100 different laser printers alone; it wants to reduce that by half. 'In every business we're going to benefit from focusing on a smaller number of offerings that we can invest in and really make matter,' said Whitman."

1 of 184 comments (clear)

  1. Having just gone through a Salesforce effort... by LaRoach · · Score: 4, Informative

    ...all I can say is sell your HP stock! They're doomed.