"Robert P. Wayman" is the former chief financial officer and executive vice president of the Hewlett-Packard Company, as well as a member of the HP board of directors. He became CFO in 1984. He joined the company in 1969 and has been on the board since 2005; he previously served on the board from 1993 to 2002. He was also interim CEO after Carly Fiorina stepped down in 2005 until Mark Hurd assumed the position.

Robert Wayman attended Northwestern University where he graduated with a bachelor's degree in science engineering and a Master of Business Administration degree.

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The slowdown has clearly become global in scope, and visibility is still very limited.

While we continue to make progress in growing our top line, there is work to be done to improve our profitability. As the board conducts a CEO search, our management team is focused on driving improved execution to serve our customers, strengthen our competitiveness and improve shareholder value.

Expenses grew just 4 percent this quarter compared with 17 percent in the first half.

Certainly we are not comfortable with the guidance out there at this point. There's an expectation that there will be some model adjustment on the downside.