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20110901 Follow Me 113 Muhouxiaotian
muhouxiaotian
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2011-09-01
H-P's One-Year Plan
By AL LEWIS Let's say you were given a year to kill Hewlett-Packard. Here's how you do it:

Fire well-performing CEO Mark Hurd over expense-report irregularities and a juicy sexual-harassment claim that you admit has no merit. Fire four board members, as publicly as possible. Foment a mass exodus of key executives who actually know how to run the giant computer company.
Hire new a CEO from German competitor, SAP, which sells business software, not consumer products. Tell the new CEO, Leo Apotheker, that Mr. Hurd "left H-P in great shape."
Draw public criticism from a major corporate-governance advisory firm, alleging Mr. Apotheker filled board openings with cronies.

Pursue pricey mergers and stock buybacks. Allow expenses to run out of control. Try to blow through billions of dollars in cash reserves before the next global economic slowdown.
Provoke partners Microsoft and Oracle by threatening to put H-P's own operating software on PCs. Then decide not to. Remember that promising webOS software H-P bought in a $1.2 billion acquisition of Palm last year? Sideline it.
Bristle when Oracle's Larry Ellison tells the New York Times: "The H-P board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs." And file lawsuits when Mr. Ellison hires Mr. Hurd.
Boast that you're going to attack Apple's iPad with your $499 TouchPad. Then dump your TouchPad in a $99 fire sale and announce you're just not going to offer it anymore.

OB-PF484_FXHP08_D_20110818212620.jpg


Telegraph to the world that you are just too dumb to make smartphones.
Raise your financial estimates, twice. Then miss them, twice.
Make sure Mr. Apotheker's memo gets leaked to the media -- the one that says "watch every penny and minimize all hiring."
Announce plans to buy British business software company Autonomy for $10 billion, because it makes enterprise software just like SAP, which is what Mr. Apotheker knows best.
Announce plans to maybe sell the PC business. Or maybe spin off PCs as a stand-alone company. Uncertainty will damage the price.
Never mind the years of effort H-P spent -- including a controversial merger with Compaq -- becoming the world's largest PC maker. Never mind that the PC business feeds H-P's more profitable businesses. Dumping it is a beautiful absurdity that one analyst, Jayson Noland of Robert W. Baird & Co., described as "like McDonald's getting out of the hamburger business."
Watch Moody's threaten to downgrade H-P's credit.
Act surprised as H-P's stock plunges more than 40%.
Go to Wall Street and tell long, confusing stories about how you are transforming H-P from a low-margin to a high-margin business.
From former CEO Carly Fiorina's spectacular flame-out, and former chairwoman Patricia Dunn's illegal spying scandal, to Mr. Hurd's alleged sex scandal that apparently didn't involve any sex at all, this sort of dysfunction has become "the H-P Way."
It has been a year since H-P fired Mr. Hurd. Jack Kevorkian couldn't have devised a better plan for euthanizing a company. But like the good doctor used to say: "Dying is not a crime."


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muhouxiaotian
2011-9-1 07:49:15
从今天起，开始制作[电子书 笔记] 的月刊 今天暂时还没有最新文章的我先让大家试试这一篇。题目是 《给你一年毁掉惠普》。
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wusi126
2011-9-1 08:18:54
  搬个藤椅慢慢看看

irregularity n. 1. 不规则;不平整;不整齐 2. 不规则的事物;不平整的东西[P1] 3. 不正当的行...

merit n. 1. 价值 2. 长处,优点 3. 功绩,功劳 4. 功过;是非曲直 5. 法律依据,法律意...vt. 1. 值得,应受

foment vt. 1. 挑起;激起;煽动 2. 【医】热敷

exodus n. 1. 外出 2. 移居国外 3. (E-)(《圣经·旧约》中的)《出埃及记》

acquisition n. 1. 获得,取得 2. 获得物;增添的人(或物)

telegraph 1.传令器,电报机 2.(拍) 电报 3.电报业务

dump 1.倾卸,倾倒 2.(内存信息)转储 3.把...砰的一声抛下 4.倾卸；卸泥；弃置废物 5.甩掉，抛弃，倾倒 6.转储 倾出 7.倾倒，倾销

scandal  1.丑闻；引人愤慨之事 2.桃色新闻 3.丑行 4.流言蜚语

dysfunction n. 1. 官能不良;官能障碍

euthanize vt. 1. 使安乐死


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bengdi1986
2011-9-1 08:20:20
为了让大家多阅读点我再给补充点吧
Bonds Beat All Investments on S&P Downgrade
Bonds beat stocks and commodities in August after Standard & Poor’s decision to strip the U.S. government of its AAA credit rating roiled global markets and made Treasuries the world’s best-performing assets.

The combination of the downgrade to AA+, slowing U.S. growth and Europe’s debt crisis drove investors into the world’s biggest and most-liquid debt market. Treasuries returned 2.8 percent, while the global bond market gained 1.99 percent, according to Bank of America Merrill Lynch index data. The MSCI All-Country World Index of stocks fell 7 percent, the biggest slump since May 2010, and the Standard & Poor’s GSCI Total Return Index of commodities lost 1.8 percent.

Instead of eroding the value of U.S. government debt, the rating cut sparked financial market turmoil that made Treasuries and the world’s reserve currency favorites among investors, with 10-year note yields dropping to a record low 1.97 percent on Aug. 18. The Chicago Board Options Exchange Volatility Index, or VIX, surged the most after the downgrade on Aug. 8 since February 2007. Crude oil fell 6.4 percent on the rating cut.

“You’ve generally seen sentiment really weakening and it all dovetailed together,” said Brian Schneider, senior portfolio manager and head of U.S. rates for Invesco Fixed- Income at Invesco Ltd., which oversees $653 billion. “With Treasuries and the dollar being the global reserve currency and the biggest, broadest financial market out there, Treasuries have benefited
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ddovels
2011-9-1 08:20:58
Foment vt. 热敷, 煽动
exodus n. 大批的离去
cronies n. 密友
sideline n. 副业, 旁线, 界线, 兼职, 旁观者看法
vt. 使退出比赛场地
euthanize   vt.使安乐死,对…施无痛致死术
the last sentence : Jack Kevorkian couldn't have devised a better plan for euthanizing a company. But like the good doctor used to say: "Dying is not a crime."the author plunge spicy criticism on the misleading decisions made by the board of H-P,a competitive PC manufactuarers.A set of wrong deeds which include the firing of the former CEO  Mark Hurd who is not so farmiliar with the industry has thrown the giant at the verge of death.Now that the company is in a mass,it's better to calm down and execute considerable policies to maintain the running of the company,Anyway,best wish for it.
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muhouxiaotian
2011-9-1 08:29:04
bengdi1986 发表于 2011-9-1 08:20
为了让大家多阅读点我再给补充点吧
Bonds Beat All Investments on S&P Downgrade
Bonds beat stocks and ...
为了大家提升英语。晚些时候再公布，中文翻译。给我点时间去做这件事。
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