It’s OK to say you were wrong. If a company as big as Netflix (Nasdaq: NFLX ) can backpedal on an ill-conceived move, so can Hewlett-Packard (NYSE: HPQ ) .
It’s even easier when your predecessor made the decision in question. HP CEO Meg Whitman has a lot of decisions to make by the end of her first month in office. She will need to decide the fate of webOS as well as the Personal Systems Group, or PSG, better known as the company’s PC business.
Ex-CEO Leo Apotheker’s parting gift of the planned and pricey acquisition of British Autonomy has closed without a hitch, with almost nine out of 10 Autonomy shareholders giving a thumbs-up to the deal. HP can now officially begin taking on IBM (NYSE: IBM ) and Oracle (Nasdaq: ORCL ) head-to-head.
Full story: Should HP Keep Its PC Business? (HPQ, IBM, NFLX, ORCL).