Whitman Stabilized HP But Real Growth Still Looks Far Off

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by wochit

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There’s no question that Hewlett-Packard has been one of the best tech stocks to own of late, doubling last year and tacking on another 14% so far in 2014. But some investors are starting to wonder if CEO Meg Whitman can truly deliver a second act after acing the initial turnaround. HP, no longer teetering on the brink of extinction, still isn’t growing overall and remains a minor player at best in many hot area such as phones and tablets, cloud services and network security. Whitman, the former eBay CEO who took over the company in September 2011, has slashed employee ranks, paid down debt and reorganized the company into more-logical segments, or, as noted last August, made HP less stupid.