Hewlett Packard Enterprise CEO Meg Whitman told analysts that she had the power of focus and the company is set to deliver growth.
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The updates, which come as HP holds its Discover powwow in Barcelona, illustrates how PC makers are trying to deliver business systems that can replicate consumer-first design cues.
HP ultimately pays a $108 million tab to put violations of the Foreign Corrupt Practices Act behind it in Russia, Poland and Mexico.
Todd Bradley steps down from HP's PC and printer unit to be replaced by Dion Weisler, a former Lenovo and Acer executive. HP is hoping Bradley and Weisler can form an executive tag team that can tackle China and Lenovo.
HP's business is likely to see a rough quarter with a Dell price war making life more difficult. However, HP's restructuring efforts should help earnings.
HP turns over its board as investors are still seething over the Autonomy acquisition debacle.
"We see early signs that employee morale is improving with the higher stock price and leaner infrastructure," says a Morgan Stanley analyst.
Autonomy had 'serious accounting improprieties, disclosure failures and outright misrepresentations' when HP bought it, the company has said.
Analysts reserve praise for HP's restructuring. Why? HP has repeatedly restructured to no avail.
HP will need to lay off workers to boost its profitability, but then reinvest the savings in more lucrative markets.