The absolute lack of vision in post millennium HP leadership is so toxic to innovation. It's a good case study in the pointlessness of obsessing over tech company financials.
HP had everything, hardware business, multiple CPU designs, operating system (quite a few actually), they where hiring Linux developers pretty early on, an extensive software portfolio (mostly enterprise stuff that I can do without, but companies bought it) and had I'd say fairly good working relationship with software partners, like Oracle and Microsoft. Now you have two HPs: - HPE, pretty much a shell of a company.…
Also with one of the worst logos ever. Have you seen RECTANGLE? It encapsulates our venerable company in two dimensional space. It's at least honest - Three dimensions would imply we're solid, and four would imply that we're moving anywhere.