HP is struggling and it seems like things will only continue to get worse during the next fiscal year.

At an annual presentation to investors, the CEO Meg whitman said the following:

“My belief is that the single biggest challenge facing Hewlett-Packard has been changes in CEOs and executive leadership, which has caused multiple inconsistent strategic choices, and frankly some significant executional miscues,”.

For 2013, the company forecast overall earnings, excluding restructuring charges and other items, at between $3.40 to $3.60 a share in fiscal 2013. That’s well below the average forecast by Wall Street analyst of $4.18, according to Thomson Reuters I/B/E/S.

Ms Whitman is expecting the company to recover in 2014.

HP has a very troubled history with chief executives. Who knows if she’ll be there to see whether that happens.

Source: Reuters

About the Author

Onuora Amobi is the Founder and VP of Digital Marketing at Learn About The Web Inc. Onuora has more than a decade of information security, project management and management consulting experience. He has specialized in the management and deployment of large scale ERP client/server systems.

In addition to being a former Microsoft MVP and the founder and editor of EyeOnWindows.com, he is the CEO of a Pasadena based online marketing education startup - Learn About The Web Inc. (www.learnabouttheweb.com) and The Redmond Cloud (https://www.theredmondcloud.com).

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