Is This Where H-P’s Turnaround Begins?

Investors and analysts alike think that Hewlett-Packard (NYSE:HPQ) is in trouble; the personal computer manufacturer has seen shares drop 43 percent in the past twelve months as investors have increasingly lost confidence in the company’s ability to resurrect its business.

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Chief Executive Officer and President Meg Whitman has faced tough criticism regarding the direction the company is taking to combat declining personal computer sales — a phenomenon that is a problem industry wide — and she has responded, most notably at the Gartner Symposium IT Expo, that 2012 was a year of self-diagnosis. All the action, she said, will come in 2014. But the turnaround has begun, a point she reiterated in the earnings press release.

H-P’s first quarter earnings, released after the markets closed on Thursday, definitely showed signs that the company has not even begun to transition away from its core personal computer business…

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