Feeds

HP's Chief Accountant preaches 'accountability'

Hurd bores Wall Street into submission

The essential guide to IT transformation

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. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.