yoyobar: Have American Tech Companies lost their way? plus 1 new tips...

Thursday, September 8, 2011

Have American Tech Companies lost their way? plus 1 new tips...

Have American Tech Companies lost their way?

Posted: 07 Sep 2011 06:03 PM PDT

The last couple of weeks have seen amazing announcements by giant American tech companies. However, all the announcements were linked by how horribly they were handled by the respective corporate leaderships.

First, Hewlett-Packard, in one earnings call, 18 August, 2011, not only killed all production on webOS-based hardware, the Veer, the TouchPad and Pre 3, but effectively killed the future of the webOS operating system. However, this was collateral damage compared to what HP CEO Leo Apotheker did to the Personal Systems Group (PSG), the part of the company that actually makes laptops, desktops, monitors and printers. Mr. Apotheker announced that:
"We see the opportunity for PSG to compete and win in the PC marketplace and our Board has authorized to us explore strategic alternatives for PSG. We intend to evaluate a range of options that may include, among others, a separation of PSG from HP to a spinoff or other transaction."