Hewlett-Packard shares slipped on Friday after new Chief Executive Leo Apotheker failed to gain investor confidence.
Roger Kay, president and founder of Endpoint Technologies, shared his insights on the tech giant’s new CEO.
“I know the Street was a little skeptical about him: they thought he was booted from SAP…but he spent a long time building up the SAP business," he noted.
"He brings a lot of software expertise to HP, he has a lot of experience with enterprise customers in the area that HP is going to emphasize,” Kay told CNBC.
Apotheker suggested that he will focus on HP's software business, which currently accounts for only 3 percent of the company's total revenue.
Scorecard—What He Said:
- Kay's Previous Appearance on CNBC (Sept. 13, 2010)
More on HP & Tech Market:
- 'Fast Money' Traders: Tech Plays After HP CEO News
HP Shares Slide as New CEO Fails to Excite Investors
CNBC Data Pages:
No immediate information was available for Kay or his firm.