Hewlett-Packard revises its game plan: computer woes put pressure on chief executive
Article Abstract:
Hewlett-Packard Co's chief executive officer (CEO) John Young, 58, comes under increased pressure as the computer maker's stock trades at the lowest level in five years, closing at $27.125 a share on Oct 11, 1990. The company's founder, David Packard and William Hewlett are considering candidates to succeed Young, including Lewis E. Platt, 49, and Richard Hackborn, 53, each of whom is involved in computer operations at the company. Young insists that he will be at the helm for the next several years. HP's current financial woes threaten to undermine Young's work over the last decade to position the company as a leading computer maker in the global market. The shift of the company to desktop-computer products has produced thinner profits, which some analysts see as the price of growth in the computer industry.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
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Next Inc. is enjoying comeback, but competitors lurk in the wings
Article Abstract:
Next Inc is doing well financially during the first half of 1991, but circumstances in the computer industry portend trouble ahead. Next expects sales of $45 million to $50 million for the quarter ending on Sunday, Jun 30, 1991, which means that the company could achieve its target of $200 million in sales for the year. But there are potential problems: a deal with IBM promising the possibility that Next's Nextstep software might become an industry standard is faltering and rival companies - Sun Microsystems Inc and Silicon Graphics Inc - are developing products that will compete with Next's workstations. Nevertheless, Next seems to be gaining strength, both in domestic markets and overseas.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Comment about this article or add new information about this topic:
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