Losing the HP Way

Hewlett Packard was different from other Silicon Valley companies and always a leader. By the time I met Bill Hewlett and Dave Packard in the late 1970s they were nearing retirement but still active and I knew them, working occasionally for both men and for their respective foundations. Hewlett was the good cop and Packard was the bad cop, but both men had figured out through a steady process of evolution over four decades how to build and run a fantastic company. Those days are over.  Though confirmed by this week’s HP decisions to change direction and ditch the PC business, let’s understand something: the HP I knew died many years ago.

The news […]

By |August 19th, 2011|2011|470 Comments

Apple's Money

All of us were reminded over and over and over during the last few days that Apple has more cash on hand than does the U.S. government. This coincidence means precisely nothing to either outfit.  We won’t see President Obama asking Steve Jobs for a loan, nor will we see Steve Jobs offering one. Yes, the government is broke and yes, Apple has a lot of cash. But GE has almost $50 billion more than Apple, so where are all the GE stories?

There’s a mystery about Apple’s cash and that mystery has to do with Steve’s strategy for holding all that money.  What’s it for? The predominant theory seems to be that Apple intends to make a huge acquisition and […]

By |August 1st, 2011|2011|158 Comments