Cramer: How to Save Hewlett-Packard

What do you do if you are Meg Whitman, CEO of Hewlett-Packard (HPQ), now that she's had to hit the reset button on the turn at the huge computer company? How do you stop the bleeding of a company that saw an 8% decline in revenue growth this quarter? How do you turn around sales in 2014, given that in the last four months she's gone from predicting an increase in revenue for next year to saying that such an increase would be unlikely?

First, here's the good news. Despite some pretty hideous numbers, including PC consumer revenue down a staggering 22% and enterprise revenue off 9%, the bleeding has been stopped. In fact, lost in all of the disappointment is the fact that the cash is building despite a 14% decline in earnings, with cash flow from operations at a healthy $2.7 billion, albeit down 6% from last year. The company knocked off $1.7 billion in debt, which is the sixth consecutive quarterly reduction of over $1 billion dollars....1077 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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