HP stock hits 6-year low after Meg Whitman named CEO

[marmar]

:rofl:



Hewlett-Packard's stock is sinking to its lowest level in six years, as investors worry that new CEO Meg Whitman isn't the right person to turn the company's fortunes around.

The stock is down 90 cents, or 4 percent, at $21.90 in midday trading. In the morning, the stock hit $21.50, its lowest level since May 2005. Broader market gauges were up slightly after a week of volatile trading.

HP announced late Thursday that former eBay CEO Meg Whitman was taking over from Leo Apotheker, who spent just 11 months on the job. Among other things, the company's board of directors was dissatisfied with the way he announced that HP is looking to get rid of its PC division.


http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/09/23/financial/f090359D49.DTL

[Hoosier Daddy]

1. Wow. I'm shocked.

:sarcasm:

[LAGC]

2. If she can't even run a decent gubernatorial campaign...

What makes HP's board think she can run a multi-billion dollar company?

What idiots those board members are.

[immoderate]

3. I'm not a Whitman fan, but she made ebay a major company.

Who should run HP then? (It will keep her out of politics.)

--imm

[rurallib]

4. she is magic!

maybe she can sell HP on ebay

[lonestarnot]

8. A magic turd! woopee.

:rofl:

[Initech]

5. On the plus side, we can at least keep her from running for another office...

Without another crappy smear campaign stinking up the place. :puke:

[Fire Walk With Me]

6. Evidently corporations ARE people. Suicidal, self-destructive people.

[madrchsod]

7. is there some rational behind hiring people who.....

totally fucked up another company or institution?

[LeftyMom]

9. She's a bit less horrible than Fiorina. I guess that counts for something. nt

[mdmc]

10. ..