Where Has Hewlett-Packard Gone?

BEFORE THE SPIN

For those who are concerned about Hewlett-Packard's future, the past few weeks have not made the situation any clearer. For starters, Mark Hurd, HP's new CEO and president, stunned the world last month with the news that the Palo Alto, Calif. systems powerhouse has a "targeted program" to cut costs to the tune of $1.9 billion annually, and to cut 14,500 employees over the coming year-and-a-half. Unfortunately, there has been a great silence about how these cuts will affect HP's customers in the

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