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| Peter Blackmore |
Wow. HP CEO Carly Fiorina lowers the boom on executives at her company in charge of server sales after disappointing quarterly results in that area. In Canada, HP has been holding its own against Dell and IBM when it comes to servers — the powerful computers most often bought by corporate customers to power intranets and Web sites. But it's no secret that HP (and Sun, for that matter) have been losing ground to IBM and Dell in the server market. Peter Blackmore, one of the highest-ranking Compaq executives to stick around after the HP acquired that company, walked the plank for lousy performance of the server group.
You can listen to a Webcast held today by Fiorina and other company executives and get more information relevant to HP investors.
The folks at ZDNet have a good summation of the executive shuffle.
Looks like a bad “trifecta” for the week – CSCO (which went down, despite good results, thanks in part to cautious statements from John Chambers and rising inventories), INTC, and now HPQ. At least Dell and IBM came to the rescue… it's definitely a “checkerboard” recovery.