Does EM Shuffle at HP Bode Ill for Autonomy?

September 1, 2012

HP does not have much patience for underperforming divisions. reveals, “HP Posts $8 Billion EDS Charge, Shuffles Enterprise Management.” HP acquired Electronic Data Systems Corp. in 2008 and changed its name to Enterprise Services (ES). The article tells us:

“Hewlett Packard has shuffled about its Enterprise Services top brass, appointing Mike Nefkens, senior veep and GM at HP ES, to run the lot – for now. As for John Visentin, he will be leaving the company to ‘pursue other interests’. The company also warned that it will post an $8 billion Q3 charge tied to its Electronic Data Systems corp.
“Along with Nefkens’ promotion, Jean-Jacques Charhon, senior VP and CFO at HP ES, has become chief operating officer and will account for ‘increasing customer satisfaction and improving service delivery efficiency’, which the company is hopeful will lead to profits.”

There’s always hope. But what about our friends at search firm and HP property Autonomy? Is this a harbinger of more pressure for that acquisition? We don’t know if search can deliver to HP’s satisfaction. What we do know—there are big dollars involved. We hope none of the Autonomy folks suddenly find themselves “pursuing other interests.” Stay tuned.

Cynthia Murrell, September 01, 2012

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