A rundown of the last several CEOs of Hewlett-Packard:
Fluor Corp.’s chief information officer was weighing a purchase of high-end H-P computers. But, he recently told Worthen, “I’ve put that all on hold” and won’t buy from H-P, he said. “It appears that they’re lost right now.”
Having joined HP with the Compaq merger and subsequently worked there during three of these regimes, "lost" would be a good way to characterize the org. HP has talent and resources with no coherent strategy. That's a function of the board and its hires.
Note to the WSJ: It's HP not H-P.