I managed Hewlett Packard through the worst technology downturn in 25 years, the dotcom bust.
Sentiment: NEGATIVE
The founder of Dell found ways of delivering Hewlett Packard's most profitable products for much lower prices but forgot to deliver their quality so within a few years had fallen behind again. Ideas need constant renewal. A great idea will never be perfect and will never work perfectly in all markets and all seasons.
Most of the media... is positioning the merger with Compaq and the recent actions by Walter Hewlett and David Packard as a fight between the past and the future.
In my humble opinion, the PC as we have known it is in a continuous decline and being relegated to a utility device for businesses.
I wish HP nothing but the best. I think HP is an icon. Those of us who had their careers in the Valley think of Dave Packard and Bill Hewlett as role models. We would love to be half as good as they were.
I literally worked at research labs where the staff really tried to steer management away from the modern technology that was actually better.
My biggest mistake was when I started up easyEverything, a chain of Internet cafes. The idea that people would go to a shop to use a computer was revolutionary in 1999. It worked for a while, but cheap technology almost killed it. One silver lining of the problems I faced was that it gave me experience of turnarounds.
We always had Packards, until the war, when they stopped making them; then we had a Cadillac.
Fairly cheap home computing was what changed my life.
I think the tech stock, the public market is still completely traumatized by the dotcom crash. I think the investors and reporters and analysts and everybody is determined to not get taken advantage of again, and that is what everybody who lived through 2000, what they kind of remember.
We got bigger, much scarier competitors. We ended up with Microsoft, a company with all the money in the world, the way I look at those guys. And IBM, another company that, historically, dwarfed us.
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