John Paczkowski

Recent Posts by John Paczkowski

HP CEO: Companies Are Buying PCs, Consumers Aren't

There were a number of reasons behind Hewlett-Packard’s lowered forecast for the current quarter, but two above all: lousy consumer PC sales and an underachieving services business.

During a conference call Tuesday morning CEO Léo Apotheker explained why revenue at the company’s personal systems group–one of HP’s largest businesses–declined 5 percent from the same period last year.

“The PC market continues to be bifurcated,” Apotheker said. “While enterprise PC sales grew 13 percent, the consumer PC market has continued to be challenging. Even though our consumer PC expectations had been cautious, the steepness of our Q2 decline is greater than what we had anticipated.”

Equally problematic for HP was the company’s services business which isn’t performing the way the company feels it should.

“I have concluded that we had a solid strategy for Services, but we didn’t invest in the path to support the strategy,” Apotheker said. “Instead, HP focused on maximizing its shorter-term margins. We have over-executed operationally and underinvested strategically. As a result, our short-term margin expectations have been too high. This has impacted our ability to create sustainable growth for the long term.”


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December 30, 2013 at 6:49 am PT

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December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work