HP's share price leapt by seven per cent amid rumours that chief executive Léo Apotheker (pictured) could be given the heave-ho.
HP's share price has bombed by nearly 50 per cent since Apotheker took the reins of the world's largest PC maker in November.
Apotheker's tenure has been dogged by disappointing results and investor angst over the company's direction. A series of moves announced last month designed to thrust HP further into the software and services market also failed to appease the markets.
According to the reports, former Ebay chief executive Meg Whiteman is among those in the frame should Apotheker be made to walk the plank.
Carter Lusher, chief analyst at Ovum, said: "That the board would be considering a change in CEO less that 10 months after Apotheker took over as CEO is a damning indictment of not just the new CEO, but also the board itself. Having approved the recent strategy changes, it seems spineless for the board just a month later to be potentially jettisoning that plan and its architect."
Highlander MD Steve Brown tells CRN about the skills he learned on the pitch and brought to the boardroom
Reports suggest Dell is pursuing a straightforward IPO, contradicting existing plans to buy out tracking stock holders
Analysts predict upturn in PC market next year, but 2018 to remain plagued by components shortages
Neil Sawyer claims he has 'never seen so many conversations about a new method of investing in workplace technology'