HP has forgotten who they are
HP forgot they were a test-and-measurement company. Computers and stuff were sexy; instruments weren't. So they spun off the T&M business, and Agilent is doing sort of okay on their own.
Then Leo decided to get out of the PC, tablet, and printer business. The only original HP content in that list was the printers. HP forgot that their printer business paid the light bills for all the other divisions during the hard times.
One more thing: HP killed their calculator business because, as the CEO falsely declared, it wasn't "profitable." It was actually turning a profit and paying its own bills. What it wasn't doing was generating a large enough percentage of HP's revenue to carry any weight in the executive offices. HP forgot that HP had created the high-end calculator, and that satisfied users of HP calculators went on to buy other HP products. (You can still buy an HP calculator, but it's a piece of crap. That's a story for another time.)
Until HP remembers who they are, and what made HP successful (and unique), they will never again be successful, no matter who the CEO is. Most of HP's older rank and file remember. Most of the executives, from division manager on up, have no idea.
