What’s Gone Wrong With HP?
In 2010, Hewlett-Packard Co.’s then-chief executive Mark Hurd boasted the company was “the largest IT company in the world” and said “we are still not to our full potential.”
Two years and two CEOs later, HP is stumbling. Over that time, the Palo Alto, Calif., company’s market capitalization has fallen to less than $30 billion from more than $100 billion. On Friday, HP’s shares hit a new 10-year low.