Whitman made her first pronouncements to the public and to the HP rank and file on a conference call today along with Chairman

And just like that, Hewlett-Packard, one of several world’s biggest technology companies, an Silicon Valley and American corporate icon, includes a new CEO: Meg Whitman.
Whitman made her first pronouncements for the public and the HP rank and file on a business call today as well as Chairman - newly named executive chairman - Ray Lane. I recorded the decision and got out some highlights you'll be able to hear below, courtesy Soundcloud.
Careful analysis oust now former CEO Léo Apotheker, was developed following the board of directors observed “operational weaknesses” in their management. “It became increasingly clear we needed new leadership to focus on the operating our business more efficiently in order to meet troubles of today’s environment….The board believes how the job of CEO requires additional attributes to successfully execute for the company’s strategic evolution,” Lane said.
Whitman admitted that HP hasn’t been delivering the level of results that investors have started to expect. “We’re not satisfied regarding it,” she said, promising that HP will have no higher priority rather than get HP’s operations back in line. Her first public comments as CEO are in the audio clip below.
Meg Whitman’s First Public Comments as HP CEO by ahess247
Good news of Whitman’s hiring because the new CEO obfuscated some comments CFO Cathie Lesjack, who warned that HP may have another tough quarterly earnings report ahead. Blaming soft market conditions in Europe and from gov departments, she said HP will likely meet its per-share guidance issued on Aug. 18, when she said HP would deliver non-GAAP earnings fo $1.12 to $1.16 a share. However she said she likes to “less certainty regarding revenue” specifically around hardware sales. HP had forecast revenues inside the variety of $32.1 billion to $32.5 billion.
I’ve talked with sources familiar with retail PC sales who tell me that the back-to-school season was great, in terms of the variety of machines sold, but that PC manufacturers including HP was required to slash prices aggressively to maintain consumers interested and acquiring. That may come to be a contributing factor.
Another key factor is going to be commercial PC sales. Since HP announced started referring to spinning off its PC business on Aug. 18, its commercial customers have been performing on their uncertainty by holding back on new deals, and buying off their vendors like Dell. CIO’s hate uncertainty, and HP continues to be playing defense with many of their biggest customers considering that the announcement, trying to reassure them they can still sell to HP.
Whitman’s hiring has brought lots of criticism that they doesn’t adequate experience building a large, enterprise-focused technology company. Lane defended the choice by praoclaiming that during her years running eBay, she was a big buyer of enterprise technology and that that have should serve her well.
Raydefendsmeg by ahess247
You will want to conduct an extensive search considering candidates from both in and out? Toni Sacconaghi, author of last week’s stinging research report about “exasperated” HP investors, inquired on that. The implication was that HP’s board of directors had acted impulsively in hiring Apotheker recently, and was the process again in hiring Whitman. Lane reminded Sacconaghi that HP’s board has eight new members since those times, and thus it’s not similar population group who're included in the Hurd resignation and the Apotheker hiring. Hear his answer below.
Why no search at HP? by ahess247
And yet, despite having sent Apotheker towards the exit, HP still intentions to continue, in broad brushstrokes the process he organized. HP remains studying what to do with its Personal Systems Group, the system that sells PCs to consumers and businesses. All options - a spin-off or no action in any respect - are both still on the table. But as Whitman says, throughout response to question from Keith Bachman of BMO Captial, “that decision is not going to get better with age” hence the sooner it’s done, the greater.
Decisionpsc by ahess247
Lane, asked by analyst Shannon Cross of Cross Research in regards to the timeline with the decision to allow Apotheker go, said the decision wasn’t made suddenly, but over the previous couple of quarters. After missing earnings forecasts for two quarters in a row, and also the communications mess that occurred on the Aug. 18, the it became clear, Lane says, that Leo were required to go. Hear him explain it below.