How HP Lost its "Way"


Hewlett Packard’s logo when it was founded was “invent.”  Boy have times changed.  Founded in 1939, HP quickly grew and became a major multinational information technology firm by the 1960s.  It grew its to line through spectacular products (Laser printer, inkjets, networking gear), and acquisitions (Compaq, EDS, 3 Com, Palm).  In 1983, HP was rated as one of the most admired companies in the world.  Now HP is saddled by bloated labor costs (320,000 employees), me-too products, and a questionable future.    And just last week, HP’s Ray Lane gave up his role as chairman of the company and two of the company’s longest serving board members, John Hammergen and G. Kennedy Thompson have resigned their seats entirely.

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Published on April 08, 2013 10:39
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