Hewlett-Packard has taken a beating lately and rightfully so. It has had a string of leadership issues and a ton of layoffs. See the link below for a complete condemnation of the company:
http://theforvm.org/diary/m-aurelius/meg-whitman-job-creator
But...
It still has some very good brains left and it seems to recognize that, if it's to survive, the company must focus on R&D. See below:
http://www.wired.com/wiredenterprise/2012/02/hp_calculator/
And...HP has brains across a range of scientific and engineering disciplines. And who knows what patents already in the company's trove will prove relevant and valuable? So, I have to repeat the conclusion I reached in my tech dogs post: HP might be worth a long term investment at its current price. Risky but not that risky -- what are the chances the company will be out of business before it experiences a significant rise in stock price? Fairly low, I would say.
All HP has to do is have one or two big successes, led by their brains, to rise again. They are also in volatile businesses in which the company that was dead last 5 years ago can be No. 1 today.
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