Feeds

HP boss hits 'short-sighted' analysts

Hung, drawn and quartered

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Carly Fiorina, chief executive of HP, has criticised equity analysts for placing too much importance on quarterly figures. She said some analysts have unreasonable expectations of technology companies.

"I think the market has emerged from Enron and Tyco and all those scandals. It is going back rapidly to 'a quarter is everything, meeting analysts' estimates is everything'. That's a mistake. It's short-sighted," she told the FT.

But Fiorina believes there is a real recovery underway in the technology market. At the start of 2004 she predicted growth of between one and two per cent, because companies were still consolidating.

Next year she predicts growth of between four and six per cent, based on the assumption of GDP growing by around four per cent.

"The recovery is real but measured. I really think this is a change," she told the FT. "We have to bear in mind that technology is a vibrant growth industry but it's probably not boom and bust growth any more. It's probably a two times [gross domestic product] growth industry. Sometimes the analysts are persisting in a boom and bust mentality." ®

Related stories

HP extends PDA lead
HP feared MS open source patent offensive
HP issues apocalyptic Netscape HP-UX warning

Beginner's guide to SSL certificates

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.