"I would give us a good grade on improvement. I think we are better incrementally. I think we are still poor absolutely," Hurd said in an onstage interview last week at Fortune magazine's annual technology conference in San Francisco.More info at CNET.
Hurd joined Palo Alto, Calif.-based Hewlett-Packard a little over two years ago from a smaller computer rival, NCR, and has seen a sharp revival in the company's stock price built on solid market-share gains.
"We are doing better. We are not doing great," Hurd said. "On an absolute basis, we have a ton to do.
Hurd said HP's long-term sales outlook remained one of modest growth. Recent better-than-expected revenue growth of about 13 percent, aided by 3 percentage points of favorable currency exchange rates, was not sustainable, he said.
"Think of us as a 4-to-6-percent-growth company," Hurd said. Acquisitions, when they occur, will remain "smallish (and) non-transformational"--in other words, no megadeals.
HP CEO: we're doign better, but not great
Posted on Thursday, Jul 19 2007 @ 04:30 CEST by Thomas De Maesschalck