Are Investors Buying Hewlett-Packard's Turnaround Strategy?
Limping tech giant Hewlett-Packard has an analyst event planned Wednesday. Investors have been patient with Meg Whitman throughout her tenure so far. A year ago, the CEO laid out an ambitious turnaround strategy for Hewlett-Packard based upon the enterprise segment. The CEO also took two large writedowns during this process, earning praise for her leadership. Hewlett-Packard has also done well as an investment year to date, with shares up over 40%.
However, are investors getting impatient with this turnaround strategy? Meg seemed to hedge on the "growth in 2014" promise and has demoted Dave Donatelli, the head of the enterprise computing sector. What does Hewlett-Packard need to do to grow revenue again? Hewlett-Packard also decided to shift to a multi-platform approach, who are the winners and losers of this change?
In this segment of Tech Teardown, Erin Kennedy discusses Hewlett-Packard's turnaround strategy with Jamal Carnette and Evan Niu, CFA.
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The article Are Investors Buying Hewlett-Packard's Turnaround Strategy? originally appeared on Fool.com.Erin Kennedy has no position in any stocks mentioned. Evan Niu, CFA has no position in any stocks mentioned. Jamal Carnette has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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