This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer's Best Blogs

Stocks in this article: MMMWMTMONHPQ

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, had no positions in stocks mentioned.


Meg Whitman, You're No Steve Jobs

Posted at 1:17 p.m. EDT on Thursday, Oct. 4

They called it the "reality distortion field."

That's what people who worked with Steve Jobs knew was happening when the late Apple (AAPL) chieftain pretty much made up whatever he wanted and knew he could get away with it.

You knew you were getting snowed by Jobs when he said it was possible to come out with the impossible in a few weeks' time, or when he praised someone whom you knew he was about to fire.

You knew that when he hated someone he might love someone the next minute.

It was just his way, and he could get away with it because he succeeded so often and was right so often and had a crystal clear image and view of what he knew the customer wanted -- even if the customer didn't know herself, which was far more often the case than not.

This morning, we interviewed Meg Whitman, CEO of one of Apple's biggest competitors, Hewlett-Packard (HPQ), on "Squawk on the Street." To crib from one of the greatest debate lines in history -- Lloyd Bentsen's zinger to opponent Dan Quayle in the vice-presidential debate of 1988 -- we knew Steve Jobs, and Meg Whitman, you are no Steve Jobs. Her reality was certainly distorted, in my opinion, but unlike Jobs, there's no particular reason to believe that, alas, her distorted reality will ever materialize.

First, I found this morning's interview painful -- maybe because debate talk was in the ether, maybe because Whitman tried and failed to be governor of California.

The CEO came off as a politician, unwilling to answer any question about how she could save Hewlett-Packard from going the way of other hardware companies that couldn't keep up.

She talked a cheerleader's game about 320,000 dedicated Hewlett-Packard employees, which by my count, may be perhaps 100,000 too many. She didn't answer how she could stop Apple from storming the enterprise gates. She didn't make a real case for why a hardware model still worked. She didn't explain how things could have gone so awry. She made no case for owning the stock whatsoever, and ruled out a wait-until-next-year turn by saying that it will be 2014 before we see any positive results from the company. I hope that "reality" isn't distorted, too.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
DOW 17,390.52 +195.10 1.13%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,630.7410 +64.6030 1.41%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs