There remain three good reasons to be skeptical of Whitman's HP:
- PC and printer sales are still shrinking overall. There's no real mobile strategy in the market. The cloud hasn't materialized in the way HP's strategy has anticipated.
Memorial Day is a time when we look into our past and seek inspiration from the sacrifices of those who have come before us. It was a good time for HP to launch another PR attack, and pound the table for stock in this great old company. But I can't buy stocks based on nostalgia, on hope or on faith. If I'm going on a buggy ride, I want to see the destination. I don't see any yet for Hewlett-Packard. Please tell me I'm wrong, and what that destination is. I'd like a solution to this mystery as much as anyone else. I want to believe, too. At the time of publication, the author was long GOOG Follow @DanaBlankenhorn This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.