Feeds

HP's Chief Accountant preaches 'accountability'

Hurd bores Wall Street into submission

Top 5 reasons to deploy VMware with Tegile

HP's CEO Mark Hurd went to Wall Street yesterday, hoping to convince investors that he'd learned something about the company during his first six months on the job. Most accounts record Hurd's New York Stock Exchange performance as a sobering affair. The former NCR frontman gave off a boring yet capable air, as expected.

To back up Hurd, HP pumped the wires full of press releases, covering everything from an acquisition to some old fashioned Sun bashing. But first to the Big Cheese, who no doubt timed the NYSE speech so he could catch a bit of the US Open - tennis stud that he is.

Unlike his predecessor Carly Fiorina, Hurd declined to promise investors the world. Instead, he threatened the workforce with a touch of reality.

"We've got some looseness in our structures and our processes," he said. "We have to get away from managing and reporting to leading and driving."

"We have got to get accountability and responsibility lower down in the organization." Also adding, "People tell you they love to be accountable. Now we'll see who steps up."

That should catch the attention of workers, as HP continues along a massive firing that will see the company axe close to 15,000 staffers.

Along with the accountability theme, Hurd ran with the usual strategic investments, not caught between IBM and Dell, hooray for printers and our PC business isn't that bad lines. Away from Wall Street, HP supplied a few items to back up its boss.

The company announced that it will acquire Kiwi consulting firm CGNZ, which employs close to 180 people in Auckland and Wellington. "In addition to bringing high-end business consulting expertise to the HP Services' offering in New Zealand, CGNZ also adds a highly regarded enterprise resource planning practice to HP, as well as strength in a number of industry sectors, including energy and utilities, health, manufacturing, and central and local government," HP said.

HP did not release financial terms for the deal and said it should close within 30 days.

In addition, HP touted a $100m investment in its Business Continuity and Recovery Centers located throughout the Americas, Europe and Asia. These centers should help customers recover more quickly from, for example, a natural disaster or security attack. A list of the recovery centers is available here.

Hurd took the time to knock Sun as well, saying HP had pulled in more than $200m by nabbing 150 Sun accounts during the first half of 2005. That's double what HP took from Sun during the same period last year, he said. Finally, HP announced that it hired Palm advisor Satjiv Chahil to serve as SVP of personal systems marketing. ®

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.