I Convinced HP's Board to Buy Palm for $1.2B. Then I Watched Them Kill It in 49 Days
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SAP's annual revenue while Leo served as its CEO was approximately $15 billion. The HP board hired a CEO whose largest organizational experience was running a company smaller than HP's smallest division. Based purely on revenue management experience, Apotheker wouldn't have qualified to be a Executive Vice President at HP, yet the board put him in charge of a $125 billion technology company.
HP's board has done a lot of messed up stuff. I wouldn't touch HP gear with a stick.
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I’ve had two hp laptops and both shit the bed on me within the first year, so I don’t much care for their product philosophy. Vaio’s still my favorite. Despite being made of plastic, the little bugger still survived falling from a moderate height at least 5 times over 10 years. Eventually, the battery died and I couldn’t find a replacement. Rest in peace, you fiery bitch
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I assumed he hadn’t sold his stock because HP paid a dividend (which could’ve been substantial with all his stock from being there so long). But HP doesn’t.
Sad story of corporate idiocy. All too common.
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WebOS was amazing. I was convinced it was the future of mobile computing. iOS was completely proprietary and Android was a dumpster fire. But HP was the worst buyer imaginable. It’s such a shame. What could have been?
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WebOS was amazing. I was convinced it was the future of mobile computing. iOS was completely proprietary and Android was a dumpster fire. But HP was the worst buyer imaginable. It’s such a shame. What could have been?
I had a similarly high opinion on Meego's future at Nokia and then they suddenly went all-in on Windows Phone.
I also had a somewhat high opinion of Windows Phone before MS killed it.
No one wants to maintain an OS for any less than like 25% of the market — which pretty much only leaves room for Abdroid and iOS... and KaiOS I guess, though I don't know how much effort the put into maintaining that. webOS and Tizen (resting place of Meego) are now pretty much only in TVs.
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I’ve had two hp laptops and both shit the bed on me within the first year, so I don’t much care for their product philosophy. Vaio’s still my favorite. Despite being made of plastic, the little bugger still survived falling from a moderate height at least 5 times over 10 years. Eventually, the battery died and I couldn’t find a replacement. Rest in peace, you fiery bitch
rebuilding battery packs is the new hotness. pop out the dead 18650s and load up some new ones - badda bang
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I’ve had two hp laptops and both shit the bed on me within the first year, so I don’t much care for their product philosophy. Vaio’s still my favorite. Despite being made of plastic, the little bugger still survived falling from a moderate height at least 5 times over 10 years. Eventually, the battery died and I couldn’t find a replacement. Rest in peace, you fiery bitch
And I've had two HP laptops work for over 5yrs+ without problem. The only laptop that died in less than a year was a Toshiba.
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SAP's annual revenue while Leo served as its CEO was approximately $15 billion. The HP board hired a CEO whose largest organizational experience was running a company smaller than HP's smallest division. Based purely on revenue management experience, Apotheker wouldn't have qualified to be a Executive Vice President at HP, yet the board put him in charge of a $125 billion technology company.
HP's board has done a lot of messed up stuff. I wouldn't touch HP gear with a stick.
During this same period, he became laser-focused on acquiring Autonomy for $10.3 billion—a software company that fit his transformation vision perfectly. Everything else, including breakthrough mobile technology, felt like a distraction from this software-focused strategy. That Autonomy acquisition later required more than an $8 billion write-down,
Apotheker wrote down 9.2 billion in 11 months and that’s just the stuff the article mentions. I can’t achieve that level of failure in a lifetime.
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During this same period, he became laser-focused on acquiring Autonomy for $10.3 billion—a software company that fit his transformation vision perfectly. Everything else, including breakthrough mobile technology, felt like a distraction from this software-focused strategy. That Autonomy acquisition later required more than an $8 billion write-down,
Apotheker wrote down 9.2 billion in 11 months and that’s just the stuff the article mentions. I can’t achieve that level of failure in a lifetime.
Autonomy was hot garbage while HP owned it. Zero improvements to the product stack. I think the original owners bought it back and pushed out an upgrade that made it 10x better.
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I assumed he hadn’t sold his stock because HP paid a dividend (which could’ve been substantial with all his stock from being there so long). But HP doesn’t.
Sad story of corporate idiocy. All too common.
“If it wasn’t for my medical leave, HP and Apple would be competing for the mobile market!”
It takes a lot of arrogance to be a senior executive; the way he tells the story justifies his position, that’s for sure.
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There was nothing wrong with WebOS. HP just didn’t have the cojones to stand behind it.
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Autonomy was hot garbage while HP owned it. Zero improvements to the product stack. I think the original owners bought it back and pushed out an upgrade that made it 10x better.
Lol, I hope they bought it back for less than they originally sold it for
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I still remember picking up a couple TouchPads during the fire sale. That was my first foray into sideloading and retro gaming. Both tablets are now long dead, but we had fun times!
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SAP's annual revenue while Leo served as its CEO was approximately $15 billion. The HP board hired a CEO whose largest organizational experience was running a company smaller than HP's smallest division. Based purely on revenue management experience, Apotheker wouldn't have qualified to be a Executive Vice President at HP, yet the board put him in charge of a $125 billion technology company.
HP's board has done a lot of messed up stuff. I wouldn't touch HP gear with a stick.
I will never forgive Carley Fiorino for killing HP.
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I will never forgive Carley Fiorino for killing HP.
That was particularly grisly. It sure went to shit fast, didn’t it.
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WebOS was amazing. I was convinced it was the future of mobile computing. iOS was completely proprietary and Android was a dumpster fire. But HP was the worst buyer imaginable. It’s such a shame. What could have been?
yes! I was just a child/teen when all this unfolded, remember clearly that I wanted to get the Palm smartphone with WebOS but never could as it never reached the stores near me. It was smooth and multitasking so many great UI/UX details.
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I had a similarly high opinion on Meego's future at Nokia and then they suddenly went all-in on Windows Phone.
I also had a somewhat high opinion of Windows Phone before MS killed it.
No one wants to maintain an OS for any less than like 25% of the market — which pretty much only leaves room for Abdroid and iOS... and KaiOS I guess, though I don't know how much effort the put into maintaining that. webOS and Tizen (resting place of Meego) are now pretty much only in TVs.
Nokia didn’t suddenly go all in on Windows Phone, they were bought by Microsoft.
There were only ever like 2 phones that used MeeGo. Nokia primarily used an OS called Symbian before they were bought out.
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I love hearing these kinds of retellings from industry insiders, I was deep in Tech and high up in the games industry, and I know the kinds of shenanigans that happen at the CEO and board level!
But in my view the mobile game was over already in *2001-2003. That's when Microsoft had everything wrapped up in their hot little hands, but decided that mobile computing was not the future, and that embedded Windows CE on every device is the way to go.
Everything that happened after 2003 to 2005 basically sealed everything in stone. I think he's vastly over playing whatever revolution was in his mind.
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SAP's annual revenue while Leo served as its CEO was approximately $15 billion. The HP board hired a CEO whose largest organizational experience was running a company smaller than HP's smallest division. Based purely on revenue management experience, Apotheker wouldn't have qualified to be a Executive Vice President at HP, yet the board put him in charge of a $125 billion technology company.
HP's board has done a lot of messed up stuff. I wouldn't touch HP gear with a stick.
(This is only tangentially related, sorry for the notification. I just want to complain. I hope you understand)
I bought a used, old HP laptop with a fairly capable AMD apu for some power and cost efficient gaming. Problem is that even though modern games can theoretically run on it at playable frame rates at very low settings, HP does not allow you to change how much RAM is dedicated to the GPU in BIOS. They have a setting, but its locked behind a BIOS only they have access to. Its quite frustrating that I have capable hardware but cannot use it to its full extent because of this software lockout. Knowing that they lock their consumer BIOS' down like this is absolutely keeping me from buying HP basically ever again, because I really want to make the most of my hardware and keep it all alive as long as possible to reduce waste, and they won't let me.
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