Hewlett-Packard Names Leo Apotheker CEO

Leo Apotheker, incoming chief executive officer and president of Hewlett-Packard Co. Photographer: Hannelore Foerster/Bloomberg

Gleacher's Marshall Interview on HP Management Changes


Oct. 1 (Bloomberg) — Brian Marshall, an analyst with Gleacher & Co. in San Francisco, talks about Hewlett-Packard Co.’s management changes and the company’s business strategy. Hewlett-Packard appointed former SAP AG Chief Executive Officer Leo Apotheker as CEO and president, turning to an external candidate who resigned from his last job in February after sales and profit slumped. The company named Ray Lane, managing partner at Kleiner Perkins Caufield & Byers, as nonexecutive chairman. Marshall speaks with Rishaad Salamat on Bloomberg Television’s “First Up.” (Source: Bloomberg)

Management CV's Ponvert Discusses HP's CEO Selection


Sept. 30 (Bloomberg) — Renny Ponvert, chief executive officer of Management CV, talks about Hewlett-Packard Co.’s appointment of former SAP AG Chief Executive Officer Leo Apotheker as CEO and president. Ponvert speaks with Pimm Fox and Julie Hyman on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)

Hewlett-Packard Names Leo Apotheker as New CEO


Sept. 30 (Bloomberg) — Hewlett-Packard Co., the world’s largest computer maker, appointed former SAP AG Chief Executive Officer Leo Apotheker as its CEO and president, succeeding Mark Hurd, who resigned on Aug. 6. Bloomberg’s Carol Massar, Matt Miller and Julie Hyman report. (Source: Bloomberg)

Leo Apotheker, Hewlett-Packard Co.’s new chief executive officer, brings two decades of software expertise that may help the world’s top maker of computers better mesh applications into a growing hardware arsenal.

Apotheker, 57, spent most of his career at SAP AG, the biggest maker of business-management software, where he cut costs and oversaw some of the company’s biggest acquisitions as sole CEO.

HP will draw on Apotheker’s experience as it adds software to computers, smartphones and networking equipment. The company is entering new businesses to lessen its dependence on low- margin computers and combat rivals including Oracle Corp., Cisco Systems Inc. and International Business Machines Corp.

“If you really want to innovate and grow, you have to think like a software executive,” said Bill McDermott, co-CEO of SAP, who joined the company in 2002 and was mentored by Apotheker.

Computer makers are integrating software into their products at earlier stages to help customers tackle tasks such as scouring reams of data and managing global shipments of components. Companies traditionally focused on hardware are having to become more adept at using applications.

“This is a changing business — it changes very fast,” Ray Lane, the managing partner at Kleiner Perkins Caufield & Byers named as HP’s nonexecutive chairman, said in an interview.

HP, based in Palo Alto, California, dropped .34, or 3.2 percent, to .73 in extended trading yesterday after the appointments were announced. Apotheker and Lane will succeed Mark Hurd, who held the CEO and chairman roles until his resignation on Aug. 6.

‘Lot of Work’

“There’s a lot of work to be done” at HP, Joel Achramowicz, an analyst at Blaylock Robert Van LLC in Oakland, California. He has a “neutral” rating on HP’s shares and says the CEO decision won’t cause him to change that. “The company needs new leadership that can make aggressive, risky moves to inject new vitality into the enterprise.”

Apotheker departed unexpectedly from SAP in February after less than a year as sole CEO. He presided over SAP’s first annual revenue decline since 2003 as customers delayed software purchases, while Oracle used acquisitions to expand in applications, SAP’s area of expertise.

SAP shares, which climbed to a record 71.58 euros in March 2000 — when Hasso Plattner was in charge — lost more than half their value by the time Apotheker left.

‘Endurance’ Credit

Still, he handled more than a dozen acquisitions, including the purchase of Business Objects for about billion, the company’s largest deal, HP said in a statement yesterday.

Apotheker, who speaks five languages, rose through the company’s sales division, unlike his three predecessors, who had science backgrounds. He was appointed co-CEO in 2008 and became SAP’s sole CEO the following year.

Apotheker expanded SAP’s sales force and hired and mentored top sales managers, including current co-CEO McDermott. Grasping the impact of the global financial crisis, he slashed more than 3,000 jobs, SAP’s first major cuts. He also spent more than 200 days a year travelling on business, and has been to more than 100 countries, according to SAP.

“You have to give him credit for endurance,” McDermott said in an interview. “You won’t find a guy more willing to connect with customers.”

HP, which has used acquisitions to expand in software, will benefit from Apotheker’s expertise in that area, said Shaw Wu, an analyst at Kaufman Brothers LP in San Francisco.

Push for Margins

“Software is an area HP should be more aggressive in,” said Wu, who recommends buying HP shares. “It’s a higher-margin business.”

One of Hurd’s largest acquisitions was the .5 billion purchase of software maker Mercury Interactive Corp. HP also recently purchased security software maker ArcSight Inc., as well as Fortify Software, which helps information technology departments analyze code for security holes, and data-center software company Stratavia.

“I can bring to this business the capacity to have a strategic vision, a technology vision and the ability to make people work together,” Apotheker said in an interview.

A resident of Paris while at SAP, Apotheker said he plans to relocate to Silicon Valley and work from HP’s headquarters.

Apotheker spent his youth in Belgium and Germany, where his parents, Polish Jews, moved after World War II. In an interview with BusinessWeek in 2009, he recalled being a rebel. In high school, Apotheker organized a student strike.


“I wanted a revolution — and also for cigarettes to be permitted in school,” he told the magazine, now called Bloomberg Businessweek. In the melee that followed, a policeman on horseback knocked out two of Apotheker’s teeth, he said.

Apotheker moved to Israel when he was 18 to attend Hebrew University of Jerusalem, where he studied economics. He later held several financial and operations jobs at European companies before joining SAP in 1988. He was awarded the French Legion d’honneur in 2007 for his contributions to the French economy.

Apotheker’s international background can help HP compete in international markets, Lane said. More than 63 percent of HP’s fiscal third-quarter revenue came from outside the U.S.

“We can get caught up in drinking our own bathwater in Silicon Valley,” Lane said. “He operates as a global citizen and that’s a real advantage for HP.”

To contact the reporter on this story: Aaron Ricadela in San Francisco at aricadela@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net

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Jules Undersea Lodge in Key Largo Florida among World’s Most Remote Hotels (Video)

The Jules Undersea Lodge in Key Largo Florida was just recently among the top ten most remote places to stay.  When it comes to getting away from it all, this motel is true to that as it requires guests to scuba dive down twenty-one feet through a lagoon for entrance.

Forbes puts Jules Undersea Lodge among The World’s Most Remote Hotels list they unveiled just recently.  Most other undersea hotels require walking down to them somehow, but not Jules, which requires scuba diving to the former underwater research lab in Key Largo.  Apparently the accomodations are pretty slick, although the amount of space for you and the rest of your group isn’t too vast.

Other exclusive get away spots include Kokopelli’s Cave just outside of Farmington, N.M., Arctic Hotel in Greenland, and The Garvault Hotel in the Scottish Highlands.  If you want to get away might as well stay deep underground, embedded in ice, or as far away as possible from the rest of civilization.

The official website for Jules Undersea Lodge features a blueprint of the underwater motel including bedrooms, common room, and of course a “wet room.”  They offer several different packages for overnight stays which range from 5 to 5 per night.  A stay includes all dive gear,  a gourmet dinner prepared by the “mer-chef” and breakfast in the morning.  The term “sleeping with the fishes” has a whole new meaning now!

Besides being pricey to stay at these places, they offer an isolation factor that most Hiltons, Best Westerns and Holiday Inns don’t.  Being completely underwater and able to look at the sea life, or 70 feet underground in a cave is definitely one way to get away from the rest of the world!

Would you ever want to stay in a hotel that was underwater or underground, or would you fear for your safety?

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Frankie Edgar Vs. Gray Maynard On For UFC 125 – FightLine.com

Frankie Edgar Vs. Gray Maynard On For UFC 125

Source: MMAJunkie

MMAJunkie and MMAFighting.com have together confirmed that UFC lightweight champion Frankie “The Answer” Edgar will be making his second title defense this New Year’s Day against the last and only man to defeat him, Gray “The Bully” Maynard.

Tom’s River, New Jersey native Frankie Edgar shocked the world when he defeated former lightweight kingpin BJ “The Prodigy” Penn back in April at UFC 112 to capture the lightweight belt. He was an underdog heading into that fight and many wrote off his victory as the result of a poor judges’ decision and a bad night for “The Prodigy.” Edgar left no doubt in anyone’s mind when he took on Penn in a rematch of that bout late this last August at UFC 118 and dominated “The Prodigy” over five rounds en route to a unanimous decision win. Edgar will now look to erase the only loss on his record against Maynard.

Xtreme Couture-trained Gray “The Bully” Maynard has remained undefeated in ten professional fights, with all but two coming under the UFC banner (footnote: Maynard has a No Contest on his record stemming from a UFC bout with Robert Emerson in which he slammed Emerson to the mat, forcing Emerson to tap out from a rib injury while simultaneously knocking himself unconscious). Maynard holds notable wins over Dennis Siver (unanimous decision), Jim Miller (unanimous decision), Roger Huerta (split decision), Nate Diaz (split decision), Edgar (unanimous decision), and most recently, Kenny Florian (unanimous decision).

UFC 125 is expected to take place this January 1st at the MGM Grand Garden Arena in Las Vegas, Nevada.


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Jules Undersea Lodge in Key Largo Florida is a Nemo View of Hotels

Jules Undersea Lodge in Key Largo Florida

It could just as easily be named Davy Jones Lodge, because it is an underwater lodge, but it’s instead called Jules Undersea Lodge. Located in Key Largo, Florida, and not at sea level, but under 21 feet of water, it was named recently by Forbes as one of the most remote hotels in the world.

The Jules Undersea Lodge sounds like something made by Jules Verne, and you’d be right. It takes its name from Jules Verne. Guests have to scuba dive 21ft through a lagoon before they even get to swim, not step, through an entrance at the bottom of the hotel. Consider it sort of the hotel lobby, if you will.

The Jules Undersea Lodge is located in Key Largo, FL. If the description reminds you of something you might have seen on a documentary as an undersea lab, you wouldn’t be far off. In fact, the hotel began its existence as La Chalupa research laboratory, an underwater habitat used to explore the continental shelf off the coast of Puerto Rico. The picture above is the Dining Room.

The hotel is located at the bottom of the Emerald Lagoon and was opened in 1986. In case you are worried about the safety of the underwater hotel, there is a “Command Center”, located at the edge of the Emerald Lagoon, which monitors the lodge. The center is connected to Jules Undersea Lodge by an umbilical cable which delivers fresh air, water, power, and communications to the lodge. From the Lodge’s website: “The entire facility is monitored 24 hours a day by our staff. The Lodge has independent support systems as well as redundant backup systems. We’ve taken every step to ensure a safe yet exciting adventure for our guests”.

If you want to call, the hotel can be reached at 305-451-2353. Jules Undersea Lodge packages start at just 5 per person per night. Prices go up as high as the Ultimate Romantic Getaway Package which is 75 per night for a couple. They can even handle a wedding, and have a combined Wedding Ceremony / Honeymoon package.

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Cybill Shepherd has a flattering case of mistaken identity

Cybill-shepherd Cybill Shepherd visited “The Oprah Winfrey Show” on Thursday with “Desperate Housewives” star Teri Hatcher and “Dynasty” diva Linda Evans to discuss aging and beauty — and along the way, Shepherd shared a story of mistaken identity that many  women would kill to have.

“Three days ago, I’m outside … I’m starting to hike up in the mountains,” the actress said. “… I’m trying out binoculars, standing on the street, and this lady comes running across the street saying, ‘Oh my God, oh my God, you’re Meryl Streep! I’m so excited to see you.’

“I said, ‘No, I am not Meryl Streep.”

“She said, ‘Oh yes you are. You’re Meryl Streep!'”

Shepherd escaped into a nearby store, leaving her boyfriend to clarify with the woman that, no, um, not Streep — rather, Shepherd.

“And,” Shepherd said, “the woman said, ‘Oh, I love her! She’s so beautiful!'”

Not a bad problem to have, being mistaken for a two-time Oscar winner? Not to mention, after the fan ran into the store to say how much she loved her, “Ms. Streep” wound up not being asked for ID by the grocery store clerk.  See the video here.

— Christie D’Zurilla

Photo: Cybill Shepherd in the 2009 TV movie “Mrs. Washington Goes to Smith.” Credit: Alexx Henry / Hallmark Channel

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