
Oct 7, 2013 by Evan Niu, CFA, Erin Kennedy, and Jamal Carnette, CFA
Are Investors Buying Hewlett-Packard's Turnaround Strategy?
Limping tech giant Hewlett-Packard (NYSE: HPQ) has an analyst event planned Wednesday. Investors have been patient with Meg Whitman throughout her tenure so far. A year ago, the CEO laid out an ambitious turnaround strategy for Hewlett-Packard based upon the enterprise segment. The CEO also took two large writedowns during this process, earning praise for her leadership. Hewlett-Packard has also done well as an investment year to date, with shares up over 40%.