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Tagged With "Enrique Lores"

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HP/Xerox merger update

Art Post ·
- In a CNBC interview, Hewlett-Packard Enterprise (HPE) CEO Antonio Neri recently commented on Xerox’s bid to acquire HP Inc.(which used to be part of Hewlett Packard) - separate companies.) - “the deal doesn’t make any sense.” - “I think the HP Inc. has a clear strategy to create value for shareholders and stakeholders. And Enrique Lores (HP Inc. CEO) is someone I respect tremendously. …and I think he’s on the right path.” - “I think it’s more about, what is the opportunity to drive value...
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A Road Less Traveled

Art Post (Guest) ·
Some roads just seem to have a bad reputation for some reason. Often it is due to an infamous historical happening that occurred along the byway. Sometimes it takes nothing more than the dark foreboding environs of an isolated roadway to earn it its...
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Chip Crunk Talks About RJ Young’s Acquisition of Ricoh Direct Branches

Art Post (Guest) ·
Posted on February 16, 2012 by Scott Cullen Chip CrunkLast week’s announcement that RJ Young Company, based in Nashville, Tennessee, had acquired multiple Ricoh direct branches (Huntsville, AL; and Columbus, Tupelo, and Gulfport, MS) represented...
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HP Inc. names head of printer division as new CEO

Art Post ·
San Francisco (CNN Business) HP CEO and president Dion Weisler is stepping down due to a "family health matter," the company announced on Thursday. In its third quarter earnings report, HP said Weisler -- who has served as company CEO since 2015 -- will be returning home to Australia but will remain at the company through January 2020. He will stay on its board of directors until Spring 2020. Enrique Lores, president of HP's imaging, will take over as president and CEO, effective November 1.
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HP Inc. discusses new strategy

Art Post ·
HP Inc. discusses new strategy interview with CEO, Enrique Lores created new organization focused on consumer subscriptions “Our long term goal is to ultimately offer the HP portfolio as a subscription” Have a subscriptions team that well be driving that across the company Subscriptions will include printers/MFPs and PCs Claims that it now has 12 million consumers signed up to InstantInk subscription (but did not give revenue or profit generated) Printer/MFP supply chain and component...
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HP wants to move to subscription model for all

Art Post ·
HP wants to move to subscription model for all HP Inc.’s CEO, Enrique Lores, was recently interviewed by Wall Street Journal Subscriptions would bundle printers, MFPs, supplies, paper and PCs, as well as other technology Move will put a dent in retail sales of their products in retailers and dealers Claims that future of HP is “being a digital company” over one that sells products in retail stores “I think it is the desire to be more relevant to our customers. We can offer a much stronger...
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HP CEO dumps stock shares

Art Post ·
HP CEO dumps stock shares HP’s CEO, Enrique Lores, filed paperwork to sell off 38,000 shares in HP Inc. HP’s shares were trading for $25.75 apiece Warren Buffet’s Berkshire Hathaway announced it is selling off another 3 million share of HP
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HP CEO sells off a large amount of stock

Art Post ·
HP CEO sells off a large amount of stock HP Inc. disclosed that president and CEO, Enrique Lores, sold off 38,000 shares of company stock Total cost of $1.13 million
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Click volumes going down

Art Post ·
Click volumes going down IDC published research on the average monthly print volumes Declining by 3% to 5% annually in last 10 years Accelerated to 25% to 30% between 2019-2022 during pandemic HP’s CEO, Enrique Lores, admitted that HP’s loss is 20% YoY (Healthcare vertical is the exception, as MFP print volumes are increasing)
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