H-P hasn't unveiled a cloud strategy, but Misek is guessing one will come based on recent acquisitions and the services the company already offers.
"If you look at how the pieces fit together, we can assemble a pretty decent cloud services strategy," he said. Aside from some "small holes" H-P needs to fill, such as strategic consulting and beefing up storage, "they have everything that they need" to get into the cloud, he said. "We can see some software acquisitions to round that out."
He said the company's Enterprise business is "in the best shape they’ve been probably in decades." The company is being aggressive with pricing and gaining market share in that segment.
But within the company "resumes are flying out of H-P like crazy," he noted, which he thinks is fine because "there needs to be some headcount reduction as well. Hopefully, senior management can corral the key people they need."
Jim Cramer has said he believes H-P belongs on the "Sell Block." He noted that in the company's recent earnings results it cited some structural softness in its consulting and technology business, as well as the affects of the Japanese earthquake, neither of which had been reported by its rivals.
WATCH:Misek explains why he expects a second round of cloud service announcements from Apple in next few months.
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Disclosure information was not available for Peter Misek or his company.