NEW YORK (TheStreet) -- I heard a rumor that Hewlett-Packard (HPQ) CEO Meg Whitman went on Fox Business News the other day and said her company will, at some point in the future, produce a smartphone.
I didn't witness the interview firsthand. And even though a simple Google search confirms it did indeed happen, I want to treat it like a nasty rumor.
Let's not rule out the possibility that an impostor put on a leftover Meg Whitman Halloween costume, went on national television, discussed plans for a smartphone and, somehow in this connected world, HP never got wind of what happened so they did not issue a press release to refute it.
Even though I would not have voted for her in your booth, I liked Whitman better when she ran for Governor of California. At least as a politician, it's acceptable to be unoriginal and have no vision. That shouldn't fly as a CEO in tech.Interestingly, HPQ's share price does not go the way of Dell's (DELL). For one reason or another, investors give Whitman a sliver of the benefit of the doubt. It probably has something to do with her time at eBay (EBAY). Of course, when Whitman joined a 30-employee eBay, it needed a leader to guide its growth. I hesitate to take credit away from Whitman in that regard. At the same time, eBay was not Whitman's idea. Pierre Omidyar had the revelation and founded the company. Whitman was little more than one of dozens, maybe hundreds of executives who could have ably babysat an idea whose time clearly had come. Simply put, she is not a visionary. That's a problem for HP. Generally, I like to consider situations like this from a more complex perspective. You know, way more than two sides exist to every story. In this case, however, we're looking at something that could not be more black and white. HP requires a rock star visionary and it doesn't have one. Whitman repeats the same behaviors and processes that have held back innovation in some corners of tech for years. She culls from the pool of what exists. That ensures mediocrity. And it's one of the reasons Apple (AAPL) can remain so dominant. Even with him gone, the current team at Apple can milk Steve Jobs's legacy and use some of their own talent to sustain things for a while.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV