Innovation and Strategic Exhaustion

I write today about a beloved company – Hewlett-Packard (HP), and all that it has meant to my life. One of my first consumer electronic purchases was an HP calculator, and as a young engineer fresh out of college we were regaled with the history of HP: born in a garage, during a depression, making excellent products. The HP story is in many ways the story of Silicon Valley writ large, or at least...