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September 23, 2006
HP Stock Drops 5.2 Percent
Finally, the market responds to the HP phishing expedition. According to Associated Press (Michael Liedtke),
"Shares of HP dropped more than 5 percent Thursday after reports that CEO Mark Hurd knew more about the skullduggery than previously thought. Wall Street worried that the man who engineering HP's recovery -- a leader believed to be scandal-free-- would lose his job and leave the company rudderless in a time of crisis."
It's about time. Apparently, as long as it only involved HP Chairwoman Patricia Dunn and General Counsel Ann Baskins, it didn't bother Wall Street.
This will become uglier and uglier for HP. Meanwhile ....
Posted by DavidK at September 23, 2006 07:11 AM | Permalink