How to wreck Hewlett-Packard in 12 months or less

08/29/2011 | Wall Street Journal, The

A year ago, Hewlett-Packard was a great company, writes Al Lewis. Now it's circling the drain after fleeing the PC business, which Robert W. Baird & Co. analyst Jayson Noland said was "like McDonald's getting out of the hamburger business." Things started to go badly when the company fired its competent CEO, Mark Hurd, but it's the "beautiful absurdity" of the strategic shifts under Leo Apotheker that really pushed HP to the brink. "Jack Kevorkian couldn't have devised a better plan for euthanizing a company," Lewis writes.

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