The choice of Leo Apotheker as new CEO of HP by its Board of Directors
does not inspire any confidence .
a) Is well known within the Industry that the CEO of Oracle and friend
of Aptheker , Ellison, wanted for a long time to bring down the price
of HP stock so that he could buy its assets and stock cheap, and many
consider the "Hurd -Fischer" affair a total fabrication to that end.
b) while at SAP and before his resignation , Apotheker was found to
slow releases of certain software products that later Oracle got to
the markets first, and Apotheker and Ellison are very good friends,
they share interests ,partners and friends in their circles in Tel-
Aviv ( at least one , Apotheker , is an honorary citizen of that
Middle East Country )
c) is well known in the European Union that Apotheker is a member and
big supporter of certain militant orthodox groups from the Middle East
and he ( as well as Ellison and many others ) are special advisers to
some members of the Intelligence , Military ,Finance and Government of
that small Middle East country.
d) Apotheker holds interests in various Venture Capital and
Investments companies that could get special contracts and long term
deals from HP , deals that could be very bad financial decisions for
the Stockholders,Retirees and Workers of HP and a huge conflict of
e) the employees ( as well as retirees , bond and stockholders) from
HP will have to look very closely at these key assets and issues :
1) All cash, debt and reserves of HP , so that well known Money
Managers and Private Equity friends and partners of Apotheker do not
get special deals, fees and bonuses.
2) new products, software and hardware, do not get postponed so that
Oracle or others can get them to market first, like many say was the
case in SAP.
3) the vital new line of Palm and mobile software technologies do not
end up creating income or royalties to the friends of Apotheker in the
Middle East and others .
4) Patents and other assets do not get entangled with these special
interests from the Middle East or some workers inside HP that are from
that agenda , and which many say were the ones who pushed the most to
have Apotheker nominated, a take-over from within.
f) as HP holds key Military,Security,Intelligence and Law Enforcement
Contracts in the USA , the CEO of the company must have a full
security clearance from the Government, and in my opinion, the new
appointed CEO of HP is not fit to get them, but will Washington D.C.
make an exception and break its own rules ?
This appointment shows huge gaps in the future success of HP and the
country as a whole ,since HP is a key company for the whole country,
and now more so with new mobile solutions for the global markets ready
to go in before the key 2010 Holiday season .
HP Stockholders and employees must remember that the brand new SEC
regulations let 3% of the stock, investors or groups of shareholders
that have hold the stock for at least 3 years , to put candidates on
proxy statements , nominate at least one director and as much as 25 %
of the Board, etc., so since the most important thing is to make sure
HP reaches its full potential, there are many options and action
choices to defend this vital USA asset, the key is to speak up before
its too late.
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