Biz, Tech: Hewlett Packard’s stock reflects yesterday’s poor decision-making
- 23% drop in HP’s stock after yesterday’s big news source
- » Investors were NOT happy with the news: HP fell down to its lowest level in years — a level so low that they last time it was at this nadir, Carly Fiorina had just left the company. We think this should tell HP something — killing off the race horse (WebOS) immediately after it starts the race is terrible business strategy, and investors will not react kindly to this. That was your future, HP, and you blew it because you had no idea how to feasibly make it work.