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Wednesday, Feb 27
Though H-P (HPQ -0.3%) won't sell or spin off major business units (as some want it to), the...
Though H-P (HPQ -0.3%) won't sell or spin off major business units (as some want it to), the company is open to shedding "small businesses" and tech projects, says Meg Whitman - H-P's videoconferencing hardware sale to Polycom is cited as an example. Whitman adds H-P has about 15K job cuts remaining in its restructuring (expected to feature 29K cuts), but that the company has under-invested in its IT infrastructure. She admits the Palm acquisition was "a detour to nowhere" (is history repeating?).