Thursday, March 31, 2005

WSJ.com - H-P CEO Won't Rule Out Breakup

WSJ.com - H-P CEO Won't Rule Out Breakup: "In his first public comments since being named Hewlett-Packard Co.'s chief executive officer, Mark Hurd indicated that he intends to keep H-P's sprawling collection of technology businesses together for now, but didn't rule out breaking up the company at some point.
The 48-year-old former CEO of NCR Corp., who was appointed H-P's chief on Tuesday, said his priority is to 'stay focused on the strategy we do have' and improve H-P's financial performance.
But Mr. Hurd left open the possibility of breaking up the Palo Alto, Calif., tech concern. 'I can't give you guarantees of anything,' Mr. Hurd said at a news conference. He said H-P's board has set no limits on what he can or can't do with corporate strategy. Mr. Hurd said he will spend the next few months listening to customers and employees. He declined to set a timetable for unveiling his next steps."

Oh, so maybe NCR will buy parts of HP...
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