/// Amid Tech Slowdown HP CEO Whitman Under Pressure To Show Progress
Hewlett-Packard will report second quarter results today after the markets close for trading in New York, and the pressure is on CEO Meg Whitman to show she can keep the floundering tech giant on track toward a promised turnaround next year. At the outset it seems a tall order. Name a significant line of HP’s business and its probably in the middle of one sort of fundamental decline or another. Whether it’s the historical decline in PC sales, a weak environment for server sales, a lousy market for printers or ongoing difficulties with its enterprise services business, HP has troubles in all four. Together these troubled units accounted for about 92 percent of HP’s sales last quarter. Add to the mix a significant exposure to Europe, where the economy remains weak and it become incredibly difficult to feel hopeful for a pleasant surprise in HP’s results today.
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Amid Tech Slowdown HP CEO Whitman Under Pressure To Show Progress