I've been hearing from friends around Silicon Valley about the extent of the brain drain that's been going on at HP for the last several years (BW looks at the past 2 years, but it's been in progress for longer than that. The most recent HPQ effort at M&A didn't help matters. A friend put it eloquently: "I get that they can write code. I get that they can't design a circuit. I get that they have no clue what something has to be to be called a system. I get that we're becoming the real-life version of Dilbert. But can't they do something as fundamental for a tech executive who no longer knows much about tech as making an acquisition without getting ripped off? That I don't get." Others have told me about the dysfunction present in many parts of the organization. Someone from my synogogue back in Foster City who was laid off by HPQ during one of Carly's "right sizing" exercises (and who was crushed at the time) is overjoyed that he's no longer there. He told me that his friends still at the company are dispirited at best. Not a good situation.

A great American institution is dying. HPQ is the longest-lived company I know of in Silicon Valley. Hopefully, others will learn from its demise.





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