Jim Cramer's Best Blogs
NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- why Hewlett-Packard is in trouble; and
- Salesforce.com's astounding quarter.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
H-P Is a Helpless Giant
Posted at 1:26 p.m. EST on Thursday, Feb. 23.
Lot of winners, one big loser. That's how I feel today about Hewlett-Packard(HPQ) , where virtually every division seems to be in free fall and the vultures are circling everywhere.
First, we tend to forget that Hewlett-Packard is huge, a $120-billion-in-sales company that has its tendrils deeply rooted in the corporate market, but also has a substantial consumer business through printers and personal computers.
Third, Hewlett-Packard has a tremendous amount of debt and has used a gigantic amount of capital to foolishly buy back shares.
Fourth, previous CEO Leo Apotheker spent money like a drunken sailor with a terrible $10 billion dollar overpay for an information management software company, Autonomy, that really drained the corporate coffers
Lastly, right before he was fired, Apotheker announced that Hewlett-Packard was debating abandoning the personal computer business.