Regions

HP CEO Whitman send fervent email to employees on company status

October 12
12:04 PM 2013

Hewlett-Packard (HP) Co Chief Executive Officer Meg Whitman seemed to had vowed to bring the company back to the top of the technology market that she did not think twice of expressing her sentiments to the company's over 300,000 employees via email.

On September 10, an internal memo was sent out with Whitman rallying every member of the company's organization to help bring HP up. The company was recently removed from benchmark index Dow Jones Industrial Average.

"I hope that every HP employee took today's announcement personally," Whitman said on her September 10 email.

Since 2010, HP's stock was reduced to over half of its value. The company stock had decreased 17% this past quarter. Whitman had already warned Wall Street that HP's growth would be dim next year, just as she predicted.

On the bright side, analysts thought Whitman had been doing a good job to improve the company's balance sheet. Analyst Brian Alexander of Raymond James Financial said, "Its enterprise product portfolio has improved. (But the company still lacked) a message that resonates with channel partners and customers, and continues to lose share to Cisco and Dell in servers and EMC or NetApp in storage."

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