Over its 73 years of operations, Hewlett Packard has become an American icon, a foundation of Silicon Valley, embodying quality engineering and superiority in management and products. However, HP’s latest analyst meeting on 3rd October 2012 spelled out difficulties in several key operating divisions with a “broad-based profit decline” expected over the next year. Over the last 13 years the giant company has struggled with market share and financial performance. Despite revenues of over $120 billion, it seems to be losing its way with a progressive decline in market capitalisation, share price and consistency of management.
Just why is this? And can it be reversed?