The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner discusses topics around the investing world.

Judging by the market's initial reaction, PC powerhouse Hewlett-Packard changed its future when it reported its second-quarter earnings earlier this week. However, the actual results might not have been quite as encouraging. The company's quarterly results showed a massive drop in profits, with HP forecasting mixed guidance to boot. However, it also announced significant layoffs as part of its quarterly report. And while the company clearly knows it needs to address the major issues facing the iconic blue chip, are these moves enough to allow it to continue to dominate for years to come? Our technology editor gives his take on HP and its road ahead.

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Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Google, and IBM. Motley Fool newsletter services recommend Apple and Google. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.