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November 24, 2017

Giving Thanks for Exceeding All Estimates

Thanksgiving-Table-2013
Hewlett-Packard Enterprise sailed into the Thanksgiving holiday beating estimates. The company eked out a "beat" of analyst estimates for quarterly profits, exceeding the forecasts by 1 percent. Overall the fiscal year 2017 results for sales were flat ($37.4 billion) and year-to-year earnings fell. Even that tepid report beat estimates. Nobody's expecting HP Enterprise to rise up soon. Keeping its place is a win.

It's about the same spot the HP 3000 and MPE/iX have shared for some time. After the exodus of migrators tailed off, the community has been losing few of its remaining members. A slice of them met Nov. 16 on a call. Someone asked if there was anything like a user group left for 3000 owners. I was tempted to say "this is it" to the CAMUS members on the line. Someone offered an opinion that the 465 members of the 3000 newsgroup were a user group.

I'm thankful there's still a 3000 community to report to here in 2017. We've exceeded estimates too. Nobody could have estimated that the HP 3000 and MPE/iX would last long enough to try to resolve the 2028 date handling changes. Hewlett-Packard once expected 80 percent of its customers would be migrated by 2006. That was an estimate which was not exceeded, or even met.

I'm grateful for keeping my storytelling and editing lively during this year, halfway through my 61st. I've got my health and vigor to count on, riding more than 2,000 miles this year on my bike around the Hill Country. I'm grateful for family—lovely bride, grandchildren to chase and photograph—and for the fortunes that flow in my life, the work of book editor, coach and seasoned journalist.

HP's steering back to its roots by replacing a sales CEO with a technology expert in Antonio Neri. “The next CEO of the company needs to be a deeper technologist, and that’s exactly what Antonio is," Meg Whitman said on a conference call discussing HPE's succession plan. I can also be grateful for that appreciation of a technologist's vision. Like the death notices for MPE/iX, the fall of technology on the decision ladder was overstated. In 2006 I talked with an HP executive who believed "the time of the technologist" had passed. Strategy was going to trump technology.

Hewlett-Packard Enterprise isn't eager to count up its business selling its servers. The report from last week needed this caveat to claim earnings were up for 2017

Net revenue was up 6 percent year over year, excluding Tier-1 server sales and when adjusted for divestitures and currency.

The most recent quarter's results included HP's cut-out of large server sales, too. "When you can't count the numbers that are important, you make the numbers you can count important," said think tanks about Vietnam war results. There are been casualties while HP let non-engineers call the shots. If Hewlett-Packard Enterprise can be led by an engineer for the first time since Lew Platt's 1990s term, then technology has exceeded corporate estimates of its relevance. Our readers learned about their tech bits long ago. We're grateful to have them remain attentive to our pages.

11:31 AM in Homesteading, Migration, News Outta HP | Permalink

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