The gist of the HP story headlines on Thursday were: "HP misses forecasts, doom and gloom" No comparison to Dell, Lenovo, Microsoft, Intel, IBM or Cisco, which might have given some context
The Merc story (printed) was great: "HP Misses Forecasts, Earning in Line." The forecasts were $27.3B, and 68 cents a share. The results were $27.2B, and 68 cents a share. So both for precision and accuracy, this was an amazing delivery. Why the headline? Compare that to IBM's headline last month when they had a 17% decline in earnings (HP's was 14%), and the NY Times said, "came in well ahead of forecast".
One pundit opined that Donatelli's demotion was "expected" while another bemoaned the move, saying he "was the bright face both internally and externally". "Expected" in this case meant that the street had three hours advance notice, hardly enough for investors to digest and act. And the "bright face?" Google him vs. some others at HP -- not overly gracing the pages or the pulpit, we'd say.
Here's the story (ZD NET) mid-day Wednesday four hours before the earnings announcement:
Expect executive shakeup at HP amid Q3 earnings report
But over the week, the headline and the article I like best?