Phil made the offer to the board. This was not a question of the board coming to the Phil and saying, 'Phil, it's time,' ... That was not an offer we jumped at. But over the course of many, many board discussions, we decided we would accept Phil's offer as a way to get this behind us.
More Quotes from Lewis Platt:
We accepted his decision with sadness, but also with the knowledge that changes needed to be made. The board is confident that the new leadership will bring a renewed focus on execution and performance.Lewis Platt
We think it's going to thrust us into a position of real leadership that frankly we haven't been in before in this market,
Lewis Platt
HP has invested many billions of dollars in technology research and development. We have a deep and rich patent portfolio, which serves us well in a situation like this,
Lewis Platt
With two months' results in, it appears that our third-quarter performance won't match analysts' expectations, ... We've done a much better job of managing expenses this quarter. But expense management can't compensate fully for struggling economies in Asia-Pacific and new signs of economic uncertainty elsewhere.
Lewis Platt
We can't control economic environments, ... But we are doing everything possible to stay close to our customers, drive down expense growth and continue to create the kinds of products and solutions that will benefit our customers and shareholders for the long term.
Lewis Platt
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