I can’t stop wondering what this meeting was like. The CEO gets up, looks lovingly in the webcam and announces:
- we are going to scrap our previous investments in the mobile market (tablet, operating system, etc.)
- we are going to sell off the product line we are most known for by the general public
- we are going to ignore the results of our previous lackluster acquisitions in the space and buy a search company spliced together with records and WCM that primarily sells on premise software in the hope that it will take us to the cloud with higher margins
- we are going to pay twice what the company is worth
Once everyone can breathe again the polite golf clap and head nodding begins in the conference room. The guy that gave the boss a copy of that Malcolm Gladwell book in the office secret Santa exchange starts using his soon to be discontinued tablet to update his linkedin profile and fish for recommendations.
Quite a set up for a case study. Wonder how it will turn out.
HPQ , LON:AU
HP Buys Autonomy