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09 December 2014

HP is ‘coming back strong’, says CEO Meg Whitman

HP CEO Meg Whitman (pictured) has attempted to rally and restore confidence among customers following recent news of the company’s split into two firms. Looking back on a tumultuous spell in charge at HP, Whitman told delegates at the HP Discover user conference in Barcelona the company was now more stable, with an enhanced products and services catalogue reflecting what it terms the “new style of IT”. Whitman said HP has gone through organisational changes, improved its cash position from net debt of $12bn in late 2011 to net cash of $5.9bn today, and was “turning up the volume” on research and development. “In 2014, we began to see the dividends of this hard work pay off. HP has turned the corner and we are coming back, and we are coming back really strong,” she said. Addressing the split, which will see the establishment of Hewlett-Packard Enterprise (encompassing storage, servers, networking, converged systems, software and cloud) and HP Inc (covering personal systems and printing), Whitman said she was focused on delivering...

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