HP's CEO Meg Whitman Appears on CNBC
On CNBC, HP's (NYSE: HPQ) CEO Meg Whitman appeared to give her outlook on the company in the wake of HP's earnings release yesterday.
She stated that the company was only in the first steps of its turn-around, saying that she was only about 10-15% done. Whitman stated that the lazer printer segment was not as strong as it should be. She said that putting the printer division with the PC division had produced great synergies, with 8 new printers coming this fall.
Whitman stated that the majority of savings from changes to the company would go back into the business. She stated that the company will give better guidance on the bottom line in Q3 and Q4.
Whitman agreed that HP is not a growth company in its current state, but that it could begin to grow in 2013. She said that she believed that the company would not need further layouts.
When asked about competing with Apple (NASDAQ: AAPL), Whitman stated that Apple does very well with the consumer, while HP focuses on the business end. She agreed though that the company must be more aggressive in the mobile sector. Whitman announced that HP had a Microsoft (NASDAQ: MSFT) Windows 8 tablet coming this fall.
On the Autonomy acquisition, Whitman stated that she still liked the company, despite its struggles.
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