WHEN: TODAY, THURSDAY, September 8, 2016
WHERE: CNBC'S "SQUAWK ON THE STREET"
Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Meg Whitman, Hewlett Packard Enterprise CEO, today on CNBC's "Squawk on the Street." Following are links to video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000549495, http://video.cnbc.com/gallery/?video=3000549347 and http://video.cnbc.com/gallery/?video=3000549497.
All references must be sourced to CNBC.
WHITMAN ON COMPETITION
I BELIEVE WE ARE GOING TO WIN BECAUSE WHAT'S HAPPENING NOW IS TECHNOLOGY IS MOVING AT LIGHTNING SPEED AND MY VIEW IS THE NEXT FIVE YEARS IS GOING TO BELONG TO THE NIMBLE, THE FAST, AND THE FOCUSED. SO THE CONTRAST WITH DELL COULD NOT BE MORE STARK. THEY ARE GETTING BIGGER, WE'RE GETTING SMALLER. THEY ARE LEVERAGING UP, 60, $70 BILLION OF DEBT ON THE BALANCE SHEET, WE NOW HAVE $5.5 BILLION OF NET CASH ON THE BALANCE SHEET. WE DELEVERED. WE'RE LEANING IN TO NEW TECHNOLOGY. THEY'RE DOUBLING DOWN ON OLD TECHNOLOGY AND A COST TAKEOUT PLAY. MORE OF A PRIVATE EQUITY PLAY REALLY.
WHITMAN ON EARNINGS
WELL I WOULD SAY MARGINS AS YOU POINT OUT, CASH FLOW WAS VERY, VERY GOOD AND THE GROWTH WAS A LITTLE LIGHTER THAN WE HAD EXPECTED. TWO REASONS. ONE IS WE'VE GOT LAPPING PRETTY AGGRESSIVE COMPARES WHETHER IT'S THE DEUTSCHE BANK DEAL LAST YEAR OR WHETHER IT'S THE LAUNCH OF CLOUD LINE WHICH IS NOW A MULTI BILLION DOLLAR BUSINESS, AND ARUBA. WE'RE NOW LAPPING ARUBA. BUT WE ALSO TOOK ONLY PROFITABLE DEALS THIS QUARTER. WE SAW A SLOWDOWN IN THE UK AFTER BREXIT. IT WAS LIKE A BIT OF A PAUSE. NOW WE'RE STARTING TO SEE THE ORDERS FLOW AGAIN.
WHITMAN ON THE ELECTION
I WOULD SAY THE VAST MAJORITY OF FEEDBACK I'VE GOTTEN WHETHER THROUGH E-MAIL OR ON FACEBOOK OR LINKEDIN HAS BEEN POSITIVE. THANK YOU FOR THE COURAGE TO STAND UP. I'VE GOTTEN E-MAILS PROBABLY 25% OF THE E-MAILS FROM TRUMP SUPPORTERS AND THEY'RE NOT QUITE SO COMPLIMENTARY. BUT ACTUALLY AS A CITIZEN, NOT REALLY THE CEO OF HEWLETT-PACKARD ENTERPRISE, AS A CITIZEN, I FELT LIKE I HAD TO SAY WHAT I THOUGHT WAS THE BEST THING FOR THIS COUNTRY AND THE BEST THING FOR OUR ECONOMY. AND I REALLY FEEL STRONGLY THAT HILLARY CLINTON IS BY FAR AND AWAY THE BETTER CHOICE IN THIS ELECTION.
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