Hewlett Packard Enterprise Company (HPE) Releases FY18 Earnings Guidance

Meg Whitman speaks with guests before the start of the third U.S. presidential debate in Las Vegas on Oct. 19 2016

"HPE is in a tremendous position to win, and we remain focused on executing our strategy, driving our innovation agenda, and delivering the next wave of shareholder value". If you are reading this piece on another website, it was stolen and reposted in violation of US & global copyright & trademark legislation.

"I've become quite loyal to Hewlett-Packard and Hewlett-Packard Enterprise", she said. She says that she has achieved the performance turnaround target that she set when she joined the company in 2011.

Since the breakup, Palo Alto, California-based HPE has furthered its transformation, spinning off a big chunk of its business software line-up previous year in an $8.8 billion deal with Micro Focus International PLC.

The combination of sliding earnings and Whitman's surprise announcement sent HPE shares tumbling nearly eight percent in early trading today.

The 61-year-old will now be replaced by Antonio Neri, who has been with HP for about 25 years.

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Whitman will stay on the job until February 1, when HPE President Antonio Neri will take over as the company's CEO.

In other news, CEO Margaret C. Whitman sold 249,052 shares of the firm's stock in a transaction dated Thursday, September 14th. "Now is the right time for Antonio and a new generation of leaders to take the reins of HPE". She supported Mitt Romney's presidential campaign and unsuccessfully ran for governor of California herself in 2010.

Her resignation comes just two months after Whitman promised she was "not going anywhere". She added: "I love this company, and I wouldn't ever go to a competitor".

That problem was solved in 2015, when Whitman split the company in two. Victory Capital Management Inc. now owns 12,166,742 shares of the technology company's stock worth $178,973,000 after purchasing an additional 1,900,630 shares in the last quarter. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/11/23/stoneridge-investment-partners-llc-invests-6-10-million-in-hewlett-packard-enterprise-company-hpe-2.html.

Bloomberg Technology's Gerrit De Vynck and Natalie Wong observe that "since 2009, 19 female CEOs of Standard & Poor's 500 companies have stepped down".

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