Hewlett's 'consummate strategist': an executive rises on the strength of laser printers
Article Abstract:
HP Exec VP Richard A. Hackborn, who has helped HP maintain its market share in laser printers, may be the successor to CEO John A. Young, who is nearing retirement. Hackborn has worked for HP for over twenty years since 1972, and consistently plots new company goals and strategies. He tends to work in isolation in Idaho, a fact that may keep him from ever reaching the company's top position. HP's management had seen hard times during the 1980s when a large bureaucracy slowed the company down. HP is on a recovery path, shows strong printer sales, and reported a whopping 49 percent net income jump in the early months of 1992. Analysts estimate that HP saw $2.5 billion of personal printer sales in 1991, with the possibility of growth to $3 billion in 1992. HP's success is partially due to its marketing strategy, building a strong retail distribution network. As competition saturates the markets and cuts prices, HP will broaden distribution, expand into Europe and develop products that are not yet established in the industry.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1992
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Resignation is expected at Apple: president of products would be 2d official to leave in 2 weeks
Article Abstract:
Jean-Louis Gassee, chief of product development at Apple Computer Inc, will probably resign. Gassee would be the second high official to resign from the company during Jan-Feb 1990. Allen Z. Loren, who headed US sales and marketing has already left. Gassee's resignation is not yet certain, but industry observers say it is not likely that he will stay. Analysts say, in fact, that the management upheaval at Apple will probably continue in what is becoming the company's biggest crisis since co-founder Steven P. Jobs resigned. There is turmoil at the top, sales are sluggish, morale is low, and there have been cutbacks; observers say there is no clear sense of a future direction. Analysts and industry officials say Gassee's resignation is not a surprise: it is said that Apple's product development has not proceeded rapidly enough. Apple's stock fell $1.50 on Feb 7, 1990, to $33.25.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
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