HP's restructuring plan is confusing investors with IBM's desire to return to orbit

Hewlett-Packard CEO Li Ai Introduction: foreign media August 21 commented that the HP CEO Li Ai (Leo apotheker) restructuring plan failed to impress investors, HP's situation is quite unfavourable, and the future is full of uncertainty.　　The company's new strategy is clearly a desire to emulate IBM, abandoning the PC business and looking for growth in the new direction. The following is a summary of the article: Apotheker won a reputation for his flexible business strategy at the helm of SAP, but the plan unveiled at the HP meeting last week left shareholders baffled.　　Analysts believe HP is bidding for a 11.7 billion-dollar deal to buy UK software developer Autonomy, and plans to sell its PC business are not satisfying. The company's future strategy has sparked shareholder dissatisfaction, with HP's share price falling nearly 20% in Friday, and a 16 billion-dollar loss in market capitalisation, the biggest one-day decline since 1987 's "Black Monday".　　Since he took over HP in early November last year, the company's market capitalisation has shrunk by about 44%, and Apotheker himself has lost investor support. Sanford Bernstein analyst Tony Sakonnaki (Toni Sacconaghi) said investors could start pressuring the board. If HP does not improve, the company will eventually have to restructure its business and/or adjust its management.　　Pat Becker, fund manager at Becker Asset Management, also pointed out that Lee Ai had failed to boost investor confidence in many conference calls. A spokesman for Hewlett-Packard said the company's strategic transformation was meant to lay the groundwork for future development and to enhance shareholder's long-term value. Lee Ai's long-term plan is that HP will quit the PC business, Palm webOS tablet and smartphone business, although the plan has won the support of investors for reducing capital expenditure, but at HP's 11.7 billion dollar takeover of autonomy and vague spin-off plans,　　Many investors are not satisfied. Autonomy, a company focused on cloud search, earns only about 1% of HP, while Hewlett-Packard's offer is 10 times times the autonomy's annual income.　　In addition, HP's personal Systems group business is also facing uncertainty in the future, which may affect business competitiveness, thereby benefiting rival Dell. More worryingly, HP's new strategic roadmap has seen significant adjustments in several important areas, reflecting a possible lack of direction for the company in the future. HP executives, for example, had a big talk in March about the advantages of serving businesses and consumer users, and in May they said that webOS would support all HP's product lines, and now that has changed.　　Moreover, since Apotheker's arrival in HP last November, the company has slashed sales forecasts for three times. Emulating IBM this is not the first time HP has lagged behind, and when the company acquired Compaq in 2001, the subsequent consolidationhas not been smooth. On the other hand, IBM sold the PC business to China Lenovo Group at the end of 2004, successfully completed the transformation and established its dominant position in the enterprise IT market. Now, HP seems to be trying to replicate IBM's success with a new strategy.　　Some analysts and fund managers are also hopeful that HP is now at least on the right track, still catching up with a sensible takeover deal. Some analysts also believe that HP has been offering a high bid for each of its acquisitions over the past year. But insiders estimate that HP's PC business could be priced at $10 billion trillion, providing financial support for the company's takeover of Autonomy. Sanford Bernstein analyst Sakonnaki that Li Ai has at least made the right decision to quit the touchpad business.　　Sakonnaki estimates the business lost about 250 million dollars in the last quarter. Internal turmoil But HP's Thursday meeting failed to bolster investor confidence in Apotheker.　　Hewlett-Packard announced a series of major news at the meeting, including an end to the autonomy merger talks, a deal between the two sides and HP withdrawing from Touchpad and other webOS products. In addition, Hewlett-Packard disclosed quarterly results 1 hours in advance, which is the company's second consecutive quarter ahead of the release of results.　　Another sign of confusion is that, despite Hewlett-Packard's announcement that it will terminate the Touchpad business, advertising for the product continued to be aired on CNBC television channels in Friday. The company's competitive position in the market was not entirely attributable to him, even before he was in charge of HP. But shareholders still believe that the performance of Apotheker since his inauguration has been lackluster. Leisurely)