(Replying to Original Commenter's comment): Yeah, HP sucks, but so does Dell and Acer and Gateway and everyone else who makes PCs.
(Replying to both comments, but mostly AC's): I think you over estimate the demise of the PC and also don't understand what they are used for in Enterprise. I agree that, in general, the PC business is declining. I think that will result in a lot of consolidation, likely into segments where the consumer PC business will consist entirely of low end PCs and the enterprise business will consist mostly of high end servers. And HP's bread and butter is in the Enterprise, so I suspect that a company like Acer or Dell will end up "owning" that business and HP will "own" the Enterprise business. Everyone else will go out of business.
Speaking of enterprise, there are a LOT of applications running on PCs in the enterprise. Salespeople run client / contact management software, account managers run portfolio analysis software, HR runs tons of HR-related apps, there's a myriad of software running on desktops in the enterprise and upgrades are required all the time. I don't see PeopleSoft being replaced by an iPhone app anytime soon.