HP plans to cut product lines; turnaround in 2016

dcblogs writes: Hewlett-Packard CEO Meg Whitman told financial analysts today that it will take until 2016 to turn the company around. Surprisingly, Whitman put some of the blame for the company's woes on its IT systems, which she said have hurt its internal operations. To fix its IT problems, Whitman said the company is adopting Salesforce and HR system, Workday. The company also plans to cut product lines. It said it makes 2,100 different laser printers alone; it wants to reduce that by half. "In every business were going to benefit from focusing on a smaller number of offerings that we can invest in and really make matter," said Whitman.