HP still stuck in the doldrums

Hewlett Packard's boss Meg Whitman is under no illusions about the challenges ahead. Two years into her five-year turnaround plan, HP's sales and profits are still sliding and Wall Street is losing patience.

When Hewlett-Packard Co was removed from the Dow Jones Industrial Average a month ago, chief executive officer Meg Whitman sent an impassioned email to the company's 300,000-plus employees.

"I hope that every HP employee took today's announcement personally," she said in the one-page internal memo on September 10.

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