HP Executives Predict Worldwide Population Growth, but No CEO Yet

The New York Times (Sep 29 2010)

1. Hewlett-Packard executives said today that they predict more revenue and profit growth in the coming year. But they said little about who would be the next chief executive in an event for financial analysts today. Cathie Lesjak, interim chief executive, said that the company had good insider and outsider candidates to replace Mark Hurd, who resigned under pressure from the board because of his failure to disclose a close personal relationship with a former HP marketing contractor and for fudging expenses related to it. Hurd has become co-president at Oracle, while HP is left without a leader. Still, the company say it isn’t rudderless. To deal with the analysts in this time of uncertainty, HP decided to toss out as many numbers as it possibly could to impress investors with its size. Lesjak said HP expects to grow revenues as much as 7 percent for the fiscal year that ... (Read Full Article)

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