Oct 4, 2012 - 233 days ago
Reviews are in: Analysts shocked by gloomy outlook for HP
Hewlett-Packard CEO Meg Whitman’s presentation to Wall Street on Wednesday about the ongoing woes her company faces generated more fallout Thursday.
Here’s what some analysts are telling their clients:
Brian Marshall of International Strategy and Investment Group: “We were stunned by the near-term negativity.”
Chris Whitmore of Deutsche Bank: In some of its key product areas, “we believe HP’s pace of investment is too low to close the competitive gap.”
Richard Kugele of Needham & Co.: “Frankly, one has to feel for Ms. Whitman and the crew at HP. The task before her and her team is a truly daunting one…. Nevertheless, we cannot expect investors to hang on for a possible turnaround four to five years from now, nor do we recommend that they do.”
