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News Desk Whitman Promises Decision on HP PC Unit This Month
She is also hoping to meet the analysts’ reduced expectations at the end of the month
By: Maureen O'Gara
Oct. 10, 2011 07:15 AM
HP is going to decide whether it will spin off its giant PC unit by the end of the month according to what CEO Meg Whitman told a women's leadership conference on Tuesday. "It's a decision I want to make much faster than my predecessor," Bloomberg reported her saying. "I want to make it before the end of October." Her predecessor Léo Apotheker had given HP till the end of the calendar year, an untenable pain point for the company.
Whitman is also hoping to meet the analysts' reduced expectations at the end of the month, which is the end of its fiscal year. Consensus calls for $1.13 on $32.1 billion. Apparently she also described HP employees as suffering from "a post- traumatic syndrome" after going through four CEOs in 14 months. Reader Feedback: Page 1 of 1
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