The Empress Wears No Clothes!
HP is slowly but steadily going out of business.
In 2010, HP was a $120B business. Current management estimates that in 2016, it will be a $106B business.
That's down 11.6% to the tune of a $14B loss!
This disaster is not an "if", it's a "when".
Note the graph below (Source: Company Filings, Public Information)
9.30.10 - Leo Apotheker hired as CEO. Ray Lane hired as Chairman.
9.22.11 - Leo Apotheker fired as CEO, replaced by Meg Whitman. No official CEO search is conducted.
10.11 - HP cancels PC spin-off.
5.17.12 - HP announces plans to cut workforce by 30,000 employees.
11.20.12 - 4Q12 results released. $8.8B Autonomy goodwill and intangible asset impairment charge.
8.21.13 - Reports larger than anticipated slide in revenue. Announces that revenue growth in FY14 unlikely, backtracking on previous guidance for return to growth in FY14.
How is this projecting growth potential for HP? The short answer: it isn't.