Cramer Backs Mark Hurd at Hewlett-Packard

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By Douglas A. McIntyre Updated Published
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Cramer’s second CEO in his "Transformational CEO’s" list is Mark Hurd of Hewlett-Packard (NYSE:HPQ).He said you can slap a buy on him because he took over H-P in March of2005 after Carly Fiorina was leading the company.  H-P shares havedoubled and he took it out of disarray.  It was even behind Dell(NASDAQ:DELL)in market share.  The payrolls were bloated and the server business wasa joke.  Hurd went back to focus on engineering and the company even delivered on Cramer’s prediction of an earnings upside surprise.  Hurd even took NCR (NYSE:NCR) up some 300% before joining H-P.

Last night, Cramer noted Schering-Plough’s Fred Hassan as one of his top 5 transformational CEO’s.

The call on H-P and Mark Hurd is hard to argue with.  Dell still mayhave more of a leveraged upside if the company can swing it around andlive up to the expectations, but so far it is hard to argue with thiscall.

Jon C. Ogg
May 15, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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