Apotheker CEO of HP 11 months

by umer | 3:20 AM in |

Apotheker CEO of HP 11 months


Apotheker CEO of HP 11 months_Apotheker Said HP Would Get Out Of The PC Business, Apotheker CEO of HP 11 months----Apotheker, the CEO of HP(Hewlett-Packard) said that the company woulg get out of the PC business as soon as possible.

Apotheker, CEO for less than 11 months, was ousted yesterday after cutting sales forecasts three times and making strategy shifts that blindsided investors.

After her ousted HP replacing him with Meg Whitman. Company cut its financial outlook three times in Apotheker's tenure, and on Thursday, HP said it was not confident it would be able to meet its sales targets for the current quarter.

Hewlett-Packard wants to spin off its personal computers division in a dramatic move.

The company is also buying British data analysis company Autonomy in a $10.2 billion blockbuster deal and effectively shutting down what's left of Palm.

The CEO revolving door has cost the company more than $83 million in severance pay, including more than $25 million that will be owed to Apotheker.