Troubled H-P to cut 1 in 10 jobs

  TOPCAT® 14:12 19 Jul 2005

New head honcho wields new broom. TC.

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  Forum Editor 23:18 19 Jul 2005

is that they're a bit like those giant oil-tankers, they can take a long time to make a turn, or to stop altogether. The momentum behind an organisation like HP is huge, and when market situations change they need to react faster than they have been doing of late.

Carly Fiorino's departure a few months back was hardly a quiet affair, and no doubt the dust has yet to fully settle. I don't envy Mark Hurd's task at all.

Since last September the company's share price has climbed slowly but steadily, and I imagine this latest move will be seen to represent a strong leader doing what he must do. Time will tell.

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