H-P (HPQ) Shares Slump as CEO Whitman Addresses Company Issues

October 3, 2012 11:34 AM EDT
Hewlett-Packard Company (NYSE: HPQ) CEO Meg Whitman is bashing the company a little (aka - address recent company issues.)

She noted too many product offerings;

She said that there is an underinvestment in R&D and IT;

Overall, she noted several problems in the sales force, notably lack of compensation and training.

The company is moving business systems to workday.

HP needs to demonstrate a will to win against tough competition.


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