Jefferies analysts said HP's board needs some changes, but I believe the PC manufacturers will not launch any new broad initiatives, announced until a permanent new chairman.
HP said Thursday night, Ray Lane stepped down as chairman of the board and board members John Hammergren and G. Kennedy Thompson leave the board. The shake-stimulation hurt shareholders of HP's discontent with the performance.
Lane will remain in the HP board of directors. On an interim basis, who has been on the board less than 18 months of shareholder activist Ralph Whitworth will succeed him as chairman. Hammergren and Thompson will leave the HP board meeting next month. HP Hammergren and Kennedy to be named two new directors to replace the end of this year. Before that, HP will have nine directors, the board of directors.
Jeffries Peter Misek said in a note to clients, he thinks it may take three to four months before a permanent successor is named Chairman and potential recruits if the current board of directors to make any major decisions their arrival will not be happy. "
The analyst also said that Wyeth is very supportive of the CEO Meg Whitman (Meg Whitman), he published an open letter. Misek said, suggesting that it is unlikely to have any short-term stripping or leveraged buyouts HP.
Misek maintain "underperformed" investment rating and target price of $ 18.50. The HP comment e-mail did not immediately respond.
HP shares fell 1 cent, on Friday at $ 22.29 in premarket trading. The shares rose 56.5% this year.


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