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HP to cut $8.4 billion in inefficiencies, sees a $1.1 trillion market opportunity

Story posted on: March 14, 2007


During the casting of the votes, Mark Hurd gave a business overview of the company.
HP wants to be the leading IT infrastructure company in the world.
Currently, HP's CEO thinks that the company can do better in cutting cost, and is looking to get rid of an additional $8.4 billion of inefficiencies, to align the company's ressources for growth!
The size of HP enables the company to drive the lower unit cost and the most efficient cost infrastructure in the industry
And,
By 2009 will we have a $1.1 trillion market opportunity that HP could address. Today we do not cover all that market opportunity. And 35% of it will come from emerging markets (like BRIC countries=Brasil, Russia, India and China)
But, the CEO ended with a sour note for HP's employees,
In 2007 we will reduce our stock options grants significantly from 2006. We will continue to repurchase our shares. And we believe our shares to be undervalued



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