Is Hewlett Packard (HPQ) In A Free Fall?

Hewlett Packard (HPQ) is still the country’s number 1 seller of personal computers. HP sells everything from laptops to printers and has been quite successful at it. It does appear however that the company may be losing its way.

The company recently let go of CEO Mark Hurd who was instrumental in the success of the tech giant. HP does not currently have a CEO so the strategic direction of the company remains unclear. HP is trying to buy 3PAR Inc. despite not having a CEO. How can the new CEO seamlessly integrate an acquisition that may not fit with his/her overall strategic vision for the company?

Investors would be wise to sit on the sidelines until the whole mess at HP is sorted out. The stock has fallen substantially taking out its 52 week low and is now down to $38 a a share.