VitalAccurateThinking

HP's Cost of Trust

Watch as HP's stock drops precipitously on more news of their spying scandal:

Shares of HP dropped more than 5 percent today after reports that Chief Executive Officer Mark Hurd knew more about the skullduggery than previously thought. Wall Street was worried that the man who engineered HP's recovery — the man they thought was scandal-free — would lose his job and leave the company rudderless in a time of crisis.

And what was this all over: this article.

What's new:

HP execs are mulling plans to improve over the next 18 months the technology the company uses to manage its direct sales, while it continues with commercial printing efforts and acquisitions of software companies.

Bottom line:

Company is considering making more acquisitions in the infrastructure software arena, including security software companies, storage software makers and software companies that serve the blade server market. Former Dell CIO Randy Mott will help HP implement the back-end processes needed to operate a top-notch direct-order Web site. And after the Itanium debacle, HP plans to use AMD's Opteron more.

So, in order to protect their long-term strategic plan that was already leaked, they decided to destroy public trust with their witch hunt. Was it worth it?

posted by Jim VAT @ 8:26 PM