Kim Fennebresque Reacts to HP's Rejection of Xerox's Hostile Bid

The transcript discusses potential strategies for the HP board, focusing on engagement with Xerox. It critiques the HP board's rejection of Xerox's offers, citing incomplete due diligence. The discussion covers financial leverage, Xerox's management, and shareholder value. It also addresses Xerox's commitment and financing, board philosophy, and Carl Icahn's role. The speaker emphasizes the need for industry consolidation and a fiduciary obligation to shareholders.

What does the speaker suggest as a necessary step for the HP board regarding Xerox?

• To ignore Xerox's proposals

• To increase HP's share price

• To immediately accept Xerox's offer

• To engage in meaningful discussions with Xerox

How does the speaker view Xerox's financial situation?

• As a company in desperate need of a deal

• As a company with excessive debt

• As a company with manageable leverage

• As a company with no future prospects

What is the speaker's opinion on Xerox's management?

• They are inexperienced

• They are skilled at managing difficult times

• They are overly cautious

• They are reckless

What does the speaker believe about the potential merger's impact on HP shareholders?

• It would decrease shareholder value

• It would have no impact

• It would be a no-lose situation

• It would be detrimental

What does the speaker emphasize about their potential role on the HP board?

• They would avoid any changes

• They would ignore shareholder interests

• They would focus on industry consolidation

• They would prioritize personal gain