Dion? He off: HP Inc CEO Weisler quits over 'family health matter', Lores will be High-res

HP Inc on Thursday reported sales of $14.6bn for its fiscal Q3 2019 financial results, up 0.1 per cent from the year-ago quarter and just shy of the $14.61bn average anticipated by Wall Street analysts. Shares in the US PCs'n'printers giant slipped more than six per cent in after-hours trading, a decline that may also have …

[BebopWeBop]

"We are delivering industry leading innovation across our portfolio, and I am confident we are taking the right actions to position HP for the future."

Standard bullshit phrases from the playbook - but what future are they preparing for? Methings the decline and death of HP but convenient golden lifeboats fir the execs.

[Alan Sharkey]

But...

They were hived off because HP (at the time) thought PC's were heading for the dustbin. But they are they only part of the orginal HP to actually do OK in todays climate.

Alan

[Doctor Syntax]

Re: But...

Wouldn't it have been handy to have some other line of business to take up the slack when another has problems? A well regarded lab instrument business for instance.

[Anonymous Coward]

Family is important

> CEO Dion Weisler will resign November 1 due to "a family health matter."

Family is important, and clearly this must be important as he's decided to drop everything ... in two months time.

[Anonymous Coward]

Dion left...

...to spend more time with the Belmonts?

[Ima Ballsy]

Yeah, but ....

"Enrique Lores, president of HP’s imaging, printing and solutions group, will become chief exec following Weisler's departure."

HP NEW support line under Mr. Lores:

"We're sorry your computer quite working, but you need to go to HP store and buy some genuine HP CPU cycles to continue running properly ..."

[Anonymous Coward]

The investors aren't too impressed...

Weisler was seen as safe pair of hands by the investors.

Shares are down 6.7% today.

[Anonymous Coward]

Lores will be Hires

Kudos to ElReg's Creative Title Department again :-)