HP expected to approve Meg Whitman as new CEO late Thursday

meg-whitman-HP-shutterstock

As expected, former eBay chief executive Meg Whitman will join Hewlett-Packard as its new CEO, reports Kara Swisher at AllThingsD, who spoke with “multiple sources familiar with the matter.” While the deal has not yet been voted upon by HP’s board of directors, the sources say Whitman’s appointment is all but guaranteed. The board will meet to make a final decision later today, after markets close, in Silicon Valley.

If the move is approved, Whitman, who is a member of HP’s board, would replace current HP CEO Leo Apotheker, who has only served in the chief executive role at HP for 11 months. The technology giant has had seven differnent CEOs, including Aptotheker, since 1999.

CNBC Senior Stocks Commentator Herb Greenberg predicts Apotheker will “make out like a bandit” when he is dismissed from his role at HP, bringing in an estimated $9.4 million or more just for being let go.

According to Swisher’s sources, Whitman will not simply take the reigns at HP as an interim executive, as some have speculated, but will instead serve as a permanent replacement.

“Meg is not someone who wants to be a steward of a process to find another CEO for HP,” one source told Swisher. “She wants to run the company and be a strong leader for what she considers an important tech powerhouse.”

Despite Whitman’s alleged ambitions to transform HP, which has been chasing its tail strategy-wise this year, and is considering ditching its PC business altogether, some market watchers question whether she’s up to the task.

“Whitman has not run a company the size of HP, nor one focused on the enterprise, both of which are concerns that are made more important by the fact that HP is in need of a turnaround in many lines of business, not just a new strategic direction,” said Louis Miscioscia, and analyst with Collins Stewart, in a memo to investors.

By all counts, HP is in dire need of new leadership. Under Apotheker, the company’s stock prices have dropped 47 points over the past year. And the biggest news out of the company was its liquidation of the HP TouchPad, which failed to sell well before the drastic price cut.

[Image via Eugene Berman/Shutterstock]

Computing

An inside look at Qualcomm’s Snapdragon 8cx, a revolutionary laptop processor

Six years after Microsoft’s failed foray into ARM computing with Windows RT, its second effort with Always-Connected PC is now showing early signs of success. Microsoft partner Qualcomm told us how the Snapdragon 8cx might revolutionize…
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Twilight Zone’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Movies & TV

Jean-Luc Picard ‘Star Trek’ series to premiere in 2019, CBS says

The still-untitled Star Trek series featuring the return of Patrick Stewart as Jean-Luc Picard will premiere near the end of 2019, according to CBS. The show will explore Picard's life after the events of Star Trek: The Next Generation.
Home Theater

Step aside set-top boxes, the best streaming sticks are tiny and just as powerful

Which streaming stick reigns supreme? We pit the Chromecast and Chromecast Ultra against the Roku Premiere, Roku Streaming Stick+, and the Amazon Fire TV Stick 4K to help you decide which one will be the best fit in your living room.
Computing

If you've lost a software key, these handy tools can find it for you

Missing product keys getting you down? We've chosen some of the best software license and product key finders in existence, so you can locate and document your precious keys on your Windows or MacOS machine.
Computing

Google+ continues to sink with a second massive data breach. Abandon ship now

Google+ was scheduled to shut its doors in August 2019, but the second security breach in only a few months has caused the company to move its plan forward a few months. It might be a good idea to delete your account sooner than later.
Computing

Leak reveals that Nvidia’s RTX 2060 gaming chipsets will be headed to laptops

The latest leaks of Nvidia's upcoming RTX 2060 have given performance benchmarks and further detail about the future chipset and its capabilities, while a RTX 2060 Max-Q variant has also been discovered for thin and light gaming machines.
Computing

Is your PC slow? Here's how to restore Windows 10 to factory settings

Computers rarely work as well after they accumulate files and misconfigure settings. Thankfully, with this guide, you'll be able to restore your PC to its original state by learning how to factory reset Windows.
Computing

The Titan RTX graphics card is nearly here. Here's what you need to know

The Nvidia Titan RTX is arguably the most powerful consumer graphics card ever made, even if it's not really aimed at consumers. It bridges the 2080 Ti and RTX Quadro cards with boat loads of power.
Computing

Looking for an Apple MacBook below $900? Woot has you covered

If you're looking for a great deal on an Apple MacBook, then Amazon's Woot may just have what you have been seeking. It has Macbooks available for only $810 with Intel M3 CPUs, 8GB of RAM, and 256GB SSDs.
Computing

Want to save a webpage as a PDF? Just follow these steps

Need to quickly save and share a webpage? The best way is to learn how to save a webpage as a PDF file, as they're fully featured and can handle images and text with ease. Here's how.
Computing

New rumors say the Pixelbook 2 could show up at CES 2019

What will the Pixelbook 2 be like? Google hasn't announced it, but thanks to rumors and leaks, we think we have a pretty good idea of what the potential new flagship Chromebook will be like.
Computing

A dead pixel doesn't mean a dead display. Here's how to repair it

Dead pixel got you down? We don't blame you. Check out our guide on how to fix a dead pixel and save yourself that costly screen replacement or an unwanted trip to your local repair shop.
Computing

You could spend $1,000 on an iPhone, or buy one of these awesome laptops instead

Finding a decent laptop is easy, but finding one under $1,000 is a bit tricky. Luckily, we've taken some of the guesswork out of picking out a budget laptop. Here are some of our favorites, the best laptops under $1,000.