In its early days, Hewlett-Packard (HP) was respected by the world as an innovative technological leader. Flash forward to today: HP is now a company that has been jumping on bandwagons, struggling to make profits. Having acquired 35 companies in the past eight years, HP has been trying to do too much, which compromises the quality of its products. The company seems to have lost its originality and vision—two things required by successful tech companies. This has caused public confusion as to what this disorganised mess of a company is and what exactly it does.
HP’s CEO, Meg Whitman, who has been attempting to restructure the company to cut costs, has been criticised to the point of being named the most underachieving CEO. However, investors are starting to have faith in her promise to stabilise the company. HP’s stock price has recently increased, despite its decreases in revenue.
It is still possible for HP to become successful again. Apple, for example, had once been in a position worse than HP’s current one. There may be doubts, but if the symbolic founder of Silicon Valley manages to turn itself around, the world will be watching a comeback to be written in history books.
It is very interesting to see how companies can seem to be on top of the world, seemingly invincible, but can fall in a blink of an eye
Great ending that shows that no matter how bad times can be, it can always be turned around.