I was talking to a HP investor who was marveling at its performance generating gobs of free cash flow last couple of years compared to IBM. In some ways, today's results show IBM should have at least 2 other reasons to feel envious.
HP is doing extremely well selling desktop/laptops in China, India and other global markets. IBM got out of the personal computer market couple of years ago. HP also has historically been stronger in its enterprise businesses in manufacturing verticals, less so in financial services. With the sub-prime issues, guess who's laughing?
Is Mark Hurd good or lucky? Does it matter?