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Russian BI market: development features, key trends and major players. TAdviser Overview. It's going to come right directly from my heart. In January, I added five board members to this board. This is not the board that was around for pre-texting. This is not the board that fired Mark Hurd. This is not the board that did everything the press writes about every day. It's just like open season to write about this board.
It's not this board. This board with Ann Livermore, and Leo Apotheker , with eight new members this year. Eight people that were here before, you know, last January or November for Leo and myself. Strong individuals, Gary Reiner from GE. They work really well together. I mean, I watched the executive staff come into the first board meeting and watched the openness, the tough questions. They knew immediately it was a different board. We carefully considered decisions when we make the kinds of -- we are embarrassed about the communications of these decisions that could have been done much better, but we carefully considered the decisions made on August 18 to help augment HP's business.
White papers from our partners VMware U. We asked Apotheker how important new innovations are in his view, as opposed to incremental improvements to existing products.
The challenge with that is that if you are too early with an innovation it does because the market is not receptive for it and therefore timing is a real art. HP canned the TouchPad just weeks after it went on sale, citing disappointing sales.
The valuation of the company is equivalent to 25 times the pre-tax profits earned by Autonomy in the 12 months to June this year. He said also that HP would back away from the WebOS mobile platform that had come with its acquisition of Palm, and that it may even get out of the PC business altogether.
The hardware guys will want to see how they can wrap hardware around it, the same for the services group," Longbottom added. It is where a company is HQed. HP's executive team was not on the same page. No operating execution. Interestingly, Lane and the board like Apotheker's strategy, they just hate his inability to pull it off. Lane said Apotheker couldn't get down deep in the business to land it ahead of expectations.
Communications were horrible. Sounds like Apotheker's undoing started on August 18 when the company announced plans to kill the TouchPad , and potentially spin out the PC business.
It was muddled message, and the board didn't appreciate it.
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