Hewlett-Packard’s stock was on its lowest level on friday as investors worried that new CEO Meg Whitman isn’t the right person to turn the company’s fortunes around.
Stock was down 4 percent which was 90 cents. On thursday, HP announced that former eBay CEO Meg Whitman was taking the position of new CEO. She lead eBay from the startup to the top e-commerce company. But analysts point out that she has no experience in enterprise technology and, indeed, no expertise outside the consumer sphere. They also note that eBay is a fraction of HP’s size.
This type of problems are creating confusion in the mind of investors. This was the lowest level of HO stock since last 6 years. But company is in hope that the new CEO will take company away from these troubles
