[Info-vax] HP Securities Analyst Meeting 2012

[JF Mezei]

HP held a conference for financial analysts this past wednesday. It was
that which allegedly caused HP's stock to a 15 year low on thursday (HPQ
is back under $15).

http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=analystmeeting2012

(This is nearly a 6 hour web cast).

There is a .pdf for Dave Donatelli's presentation about the Enterprise
Group:

http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTU1OTIyfENoaWxkSUQ9LTF8VHlwZT0z&t=1

Here is the blurb to introduce his presentation:
##
HP Enterprise Group
Dave Donatelli, executive vice president and general manager of HP's
Enterprise Group, will address the company's strategy to transform the
infrastructure industry and lay the foundation for widespread cloud
adoption. The HP Enterprise Group has brought together its
industry-leading server, storage, networking, management software and
technology services offerings to deliver Converged Infrastructure
solutions for enterprise customers that will help them make this
critical transition.

Donatelli will detail the company's strategy to simplify the HP
Enterprise Group's product portfolio through common architectures and
convergence. By selling Converged Infrastructure, Converged Cloud and
Software-defined Data Centers, HP expects to grow over the long term
both revenue and market share in the key areas of networking, storage
and cloud, while increasing revenue from HP's industry-leading x86
server business. In addition, the company's Project Moonshot is
developing new ultralow-power server technologies that will address the
fast growing HyperScale server market. HP was the first large server
vendor to announce these servers, and the company expects that by 2015,
ARM and Atom servers will represent 15 percent of the global server market.
##



Lots of nice buzzwords such as "Software Defined Networking" and
"Converged Infrastructure", but no mention of Itanium, HP-UX NSK or VMS.

Considering HP will refresh its servers with Poulson chips soon, you'd
thing they would brag about it to investors/analysts to show some hope.


Whitman: HP has made a remarkable transformation from a printer company
in 2002 to global diversified IT company.

HP plans to streamline the Laser printer offering from over 2100 models
right down to half by next year.


2015: vastly reduced nimber of SKUs and platforms.

Whitman: 70% of HP is about hardware and infrastructure.  Software
efforts are to help customers solve problems, not to transform HP into a
software company.

Enteroprise Group:  32billion business. Now also with "Technology Services"

Enterprise group has unmatched R&D. (funny she would say that
considering they let go of their software engineers)

"Innovating and betting on Ink business".


OK, so I skipped to timecode 02:44:46 to hear Donatelli's presentation.
("Enterprise Group".)

Donatelli acknowledges Market decline un Unix. Acknowledges that in part
due to the Oracle situation.

Areas where HP Enterprise Group is focusing for growth: Networking,
Storage, Cloud.
and increase X86 server revenues.

"The Mini Computer isn't listed because it doesn't exist anymore".


Traditional x86 servers will not work when you need to scale to 500,000
servers. This is why HP is developping the Moonshot ARM based servers.

Donatelli's speech ends at 03:22:15 but then asked to discuss
Itanium/Oracle situation.

Secular decline in Unix system sales.
Oracle has started to port its software again.

That is it in terms of details for the BCS business. The main speech did
not mention BCS systems.


If I have time later this weekend, I may try to find the Q&A session to
see f questions are asked of this.

The overall impression I got is that the future is in x84 and arm
servers and there is no future for unix servers. They seemed to have
gone out of their way to avoid discussing or mentioning "Itanium".