With release of her company's first laptop running on Google's operating system. Meg Whitman is trying to take her mature industry where the younger generation is going.
For the first time, HP has launched a laptop based on Google's (GOOG) PC operating system, Chrome OS. It's a wonderful 14-inch laptop priced at $300 with no expensive add-on gimmicks. You should buy one.
Before I get into the review, I have to set the stage for why this is happening. Why is HP no longer exclusive with Microsoft's Windows PC operating system?
It all starts with CEO Meg Whitman. When she assumed the role as chief executive, there were many fires to triage. Many things were about organizational management, balance sheet optimization -- frankly, firing layers and layers of fat. Blocking and tackling.
The accelerating consumer trend away from personal computers has some serious ramifications for investors.
The end of a technology era can be slow or sudden.
There are still mainframes. Minicomputers hung around for years after PCs and networks. Somewhere in this land of ours, someone is running a Novell LAN.
But in consumer markets, change can happen much more quickly. Back in the day the IBM PC killed the CP/M operating system very quickly. (CP/M was very similar to MS-DOS, but it wasn't.) Smartphones killed off most of the feature phone market in a very few years.
And so it is with the PC.
The stock has surged 70% in the 10 months since Marissa Mayer was brought in. It's about time for the company's bold moves to start paying off.
Expect the $475 billion market for higher ed to be cut in half by the rise of no-cost online college courses.
By Jonathan Blum
It's almost June. Time for dads and grads, and enumerating the living from the dead in the collapsing U.S. market for higher education.
Because if my month of learning collegiate-level data science via Coursera -- a Mountain View Calif., provider no-cost online courses -- is any indication, it's time for parents, educators, employers, students and investors (not to mention college real estate speculators) to learn how ugly it's going to get for institutions charging a lot to learn a lot.
Investors are already familiar with the course syllabus: Just like in the music, financial services and corporate IT sectors, it's absolutely, positively possible to get high-quality, first-rate content (in this case, a job-fetching college education) for nothing.
You can't buy stocks based on nostalgia, on hope or on faith. But that's about all Hewlett-Packard has to offer investors. If the company has a destination, what is it?
Hewlett-Packard (HPQ) may be the right stock to contemplate over Memorial Day. It's like a good mystery novel, a real "beach read." Only we don't know how it ends.
Forbes has been pounding the table for HP this week, publishing a hagiography of CEO Meg Whitman, a piece by the same author touting the stock and a third piece highlighting its cash flow, Whitman's favorite metric (since others aren't doing so well).
I, on the other hand, have been very negative on HP, and Whitman. I've called her strategy a "FUD offensive," using fear, uncertainty, doubt and PR to hide the complete lack of a mobile strategy, the fading of its key printer niche and its unprofitable ties to Microsoft (MSFT). (Microsoft owns MSN Money.)
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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Dow Jones Industrial Average (+0.1%) spending the bulk of the session in the red.
The final week of August represented one of the quietest stretches for the stock market so far this year. The first four sessions of the week produced the ... More
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