Interim HP boss upbeat on 2011 numbers, defends strategy

Hewlett-Packard's interim boss, Cathie Lesjak, has told analysts that the firm expects to make total sales of between $131.5bn and $133.5bn during its financial 2011. This represents approximately 7% year-on-year growth over its forecast full year 2010 results, which will be releasedin November

Hewlett-Packard's interim boss, Cathie Lesjak, has told analysts that the firm expects to make total sales of between $131.5bn and $133.5bn during its financial 2011.

This represents approximately 7% year-on-year growth over its forecast full year 2010 results, which will be released in November, and reflects a growing sense of confidence in the market.

Speaking at HP's annual analyst knees-up, Lesjak, who has held the post of interim CEO since Mark Hurd's resignation, said HP was scoping out a number of potential candidates to fill the role, but gave no indication of when the firm might come to a decision.

The post has been variously linked with Apple's COO Tim Cook - who denied any interest yesterday - while HP's own technology services head Anne Livermore and ESSN boss Dave Donatelli, among others, have also been discussed.

Lesjak also defended HP's current M&A strategy - it has invested heavily in acquisitions since Hurd's departure, most notably paying over $2bn for storage vendor 3Par.

HP had been criticised by IBM's Sam Palmisano for ignoring R&D spend in favour of making big acquisitions, but Lesjak insisted that "innovation will continue to be at the core of Hewlett-Packard".

Meanwhile, PSG boss Todd Bradley let slip yesterday that the vendor is close to releasing a WebOS powered tablet called the PalmPad, which will compete with a growing stable of offerings from firms such as Apple and RIM.

The new device is scheduled to be launched early in calendar 2011.

MicroScope+

Content

Find more MicroScope+ content and other member only offers, here.

Read more on Desktop PCs

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.

-ADS BY GOOGLE

ComputerWeekly

SearchITChannel

Close