“HP’s Growth Strategy: Acquisition?,” by Michael Singer, Internet.com, http://www.internetnews.com/bus-news/article.php/3482386, 10 February 2005.
In a post-Fiorina world, HP (Quote, Chart) said it wants to accelerate its strategy.
What that strategy is, though, has not been exactly clear. Interim CEO Bob Wayman and new chairman Patricia Dunn said they would clarify that point after HP hires a full-time replacement for Carly Fiorina.
Mark Stahlman, managing director of research at investment bank Caris & Company suggests that any growth coming out of HP — especially for its Rich Digital Media vision — would more likely involve more acquisitions, as opposed to spending it on research and development or splitting up the company.
“The ‘HP Way’ is characterized by not having a strategy, Stahlman told internetnews.com. “Yet here we have the board saying here ‘we have a strategy, but Carly is not the right person to lead us.’”
HP executives declined to be interviewed for this story.
The story continues, focusing on secondary issues. That Fiorina permanently injured two companies is all but ignored. Too bad.