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The first time he was the investor group of an action in April Elliott management threw a $ 1.5 billion In Hewlett Packard (HPE), and since then, there was nothing more than a complete silence in the matter from both companies.
It is a strong one to be a long position, HPE and His CEO, an acute for Neri, known as a long position against society. Fourteenth-senior officials were performed after Elliott received a share and negotiations with their boards, According to Reuters.
Neri’s neck is on the chopping block?
Fortune Both companies asked for comments, but he wanted to talk about the record about what happened. HPE (Fortune 500 No. 143) “We appreciate the constructive entrance of all our shareholders,” he said, but refused to enter the features.
But the sources that speak Fortune He pointed to several clues, potentially hidden in connection with the potential from HPE.
Valuable screw
HPE did the Foundation a day about 16% of tanks a day, which did about 16% tanks. Neri gave An interview in CNBC The company admitted that the company’s income was made a mistake with accounting for the spending of inventory.
“We realized that the value of the neighbor would be close to the value of our inventory was slightly higher than the price we are at the price. This is not our part. It should never happen.”
This was a durable. Vida wiped more than $ 3 billion from the HPE market cover.
Stock
He also drew attention to the share price of HPE.
News, Elliott’s effective news, JPMorgan analyst Samik-bakin and team, Dell and Cisco, Dell and Cisco have a discount for “1) to improve relationships with the best classier peers.”
Chapljee published HPE’s performance numbers Dell, Cisco and Cisco and a cruel table Netapp. This showed that HPE created only 494,000 dollars for an employee in accordance with a worker when winning $ 885,000:
HPE shares have recently made a study after the Department of Justice Purchase of juniper networks. However, since 2018, the HPE Foundation has risen by 48%, and rose over $ 21 per share. Meanwhile, S & P increased by 500, 135%. This is a performance for a powerful technological company from Mania around AI.
Elliott prefers to avoid proxy battles
Neri has been CEO for seven years. Meanwhile, the HPE 6 board members have been there for 10 years or more. Chairman of the Board Patricia F. Russo has been there since 2015. The effect is that it can be time for new blood.
However, there may not be an Oragting Neri, Elliott plan.
Another option will be to agree with a strategy to give a seat on the plate and convert the company on the plate of HPE. In one of the other adventures of Elliott, its attack on oil refining company Phillips 66did the investment fund A plead to shareholders This is in fact a company to be a company with a company, rather than a company, rather than proxy warfare through proxy voting.
“In the last 15 years, more than 200 companies have collaborated with more than 200 companies to achieve mutually beneficial solutions that increase the value of the shareholder.
No matter how clear between HPE and Elliott, the board is likely to be in talks with new stakeholders.
HPE explained Fortune He welcomed the action: “Our HPE and the Board keeps a dialogue on a number of shareholders on a number of issues. We will not comment on specific communications, all our shareholders and all of our shareholders and all other stakeholders.”
