WE BOUGHT IT TO BE IN THE RANDOMLY SPENDING SHAREHOLDERS’ MONEY BUSINESS

“We didn’t buy Palm to be in the smartphone business.”

Hewlett-Packard CEO Mark Hurd, on why HP spent $1.2 billion on a smartphone company, ZDNet, 2 June 2010

Advertisements

IT’S EVEN HARDER TO SPIT

“This morning we announced preliminary results for our 2010 third quarter. Since the quarter has not yet closed, it is too soon to offer exact numbers, but we stated that we expect to report revenues for Q3 between $300 and $320 million…. I realize this news is difficult to swallow.”

Palm CEO Jon Rubinstein, on the abject failure of his turnaround plan for the smartphone maker, Digits, 25 February 2010