"We don't want to be on the History Channel. We want to be on the news channel."
--Hewlett-Packard (HPQ) CEO Mark Hurd in Fortune's 2006 profile by Adam Lashinsky, when asked whether he would have done the Compaq deal orchestrated by his predecessor, Carly Fiorina. Hurd replaced Fiorina, who was fired in February 2005, and moved quickly to improve execution and revive morale. HP reported earnings today, beating Wall Street's expectations with a 14% jump in third quarter profits.
The news that EMC (EMC)has no intention of spinning off VMware (VMW) and expects lower than projected revenue growth for the company in 2008 are the primary reasons the two companies lost $8 billion in combined stock-market value over the last few days.
Another factor is the departure of VMware CEO Diane Greene, the company's chief since she founded the software firm with engineer husband, Mendel Rosenblum, in 1998. EMC CEO MOREJessica Shambora, Writer-Reporter - Jul 9, 2008 6:26 PM ET
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