HP Driving Enterprise at Industry Analyst Summit : Breaking Analysis
Hewlett-Packard invited some 250 industry analysts to Boston this week, where the company’s top brass surveyed strategy and current market positioning. Wikibon senior analyst Stu Miniman attended the event, and went over the highlights with Kristin Feledy on this morning’s NewsDesk segment (full video below).
The first thing he points out is that the previous HP analyst meeting was almost two years ago. This is highly unusual because these types of gatherings, which are very significant for Wall Street, are typically held annually. Hewlett-Packard’s had to call it off last year due to the departure of former CEO Leo Apotheker in 2011 and the appointment of Meg Whitman as the company’s new chief executive.
Whitman, who has been serving as CEO for just over a year now, was brought on board to try and get the vendor back on the saddle. She once stated that the end goal of stabilizing the company will require many years and organization-wide changes to reach, which is easier said than done considering that Hewlett-Packard employs 300,000 workers worldwide.
Whitman has not been sitting idly for the past year. Miniman says that HP is growing its mobile presence with new products, including the Android-powered Slate, which he describes as cheap enough to gain traction. He adds that on the enterprise side, the company has made several acquisitions that significantly bolstered internal R&D.
Converged infrastructure is one segment where Hewlett-Packard is not an emerging player, but rather a definite leader. The vendor managed to build a broad portfolio that is selling better than rivaling offerings from EMC, IBM and NetApp thanks to its solid foothold in three core areas: compute, networking, storage and storage.
What is HP doing to disrupt these markets? It’s working on Project Moonshot, a homegrown server architecture that performs exceptionally well in hyperscale environments. The company is also one of the biggest supports of software-defined network technologies, including the OpenFlow standard. Miniman says that HP should incorporate more flash into its storage portfolio, but besides that, the vendor is definitely on the right track.
See Miniman’s full review in the video below:
A message from John Furrier, co-founder of SiliconANGLE:
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.
Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
