Does WTF count as 1 word?
If so that’s the only word I have for the news that HP is selling its computer manufacturing biz.
I’ve worked with HP for years, and I know they have fingers in many pies. But exiting such a major part of their business seems odd.
Years ago I worked for Bass the brewers, I worked in the bit that looked after the pubs. We got a new boss who used to work for a hotel chain. He sold off all the pubs and bought loads of crappy hotels the other chains wanted rid of, and within a year turned Bass, a very successful brewing and pub management company into a 3rd rate hotel company. I don’t know what happened to the company in the end, bought out by some 4th rate, social climbing, hotel firm probably.
What I never understood though was if he wanted to run a hotel company why he didn’t get a job at thf (remember them?) or holiday inn or whatever. Many of the beer brands are still going strong.
So HP have got in an ex software CEO who wants to turn the worlds leading PC manufacturer into a software and service co – WTF??? couldn’t he get a job at a software co? Or maybe HP couldn’t get anyone else – they haven’t had the best success with CEOs for a few iterations. Thinking about it I don’t think I have ever had an HP pc. But I did want an Ipaq for a long time (when they were cool ;-)).
I understand of course that under certain circumstances SW can be more profitable then HW. But I never understand these companies that exit their core competency. Focus, defocus, invest, divest, spin off, fine, but abandon the core?
Why do they do it? (apart from dysfunctional bonus schemes of course!)