The result has been a spectacular cloud price war. To gain market share, any vendor has to match the pricing of Amazon, whose prices start at free. Since announcing it would match Amazon's pricing early this month, CenturyLink (CTL) has gone down despite beating the Street on earnings thanks to broadband growth.
HP has talked about getting into 3D printing, but a promised June announcement on that front has been put off until at least the fall.
The company has lost its status as the leading PC maker to Lenovo, and the total market continues to shrink. The company joined the market for "phablets" earlier this year but still has a negligible market share.
So where's the growth? HP says the growth is in cloud. But with cloud services subject to a severe price war, and even HP's moves in private clouds and OpenStack being matched by other vendors who are equally hungry, it's hard to see a win here that will benefit investors.Just about every other tech company has rolled over. Isn't it time for Hewlett-Packard to do the same? At the time of publication the author owned shares of AMZN and GOOG. >>Read More: Kass: Facebook-Whats-App Fallout >>Read More: Samsung Beats Apple's Volume, Loses on the Scoreboard
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