HP announced fourth-quarter and full-year fiscal 2011 results on November 21. The company’s fiscal year ended October 31. While results were hardly uplifting—they included a stunning 91 percent drop in net earnings in the fourth quarter—HP’s third-quarter results announcement was so disastrous, in particular the restructuring plans the company announced (see “HP Restructures After Disappointing Q3: What Does It Mean for IPG?”), that almost any news would be better in comparison. Although 2011 was by no means a good year for HP, many feared results would be far, far worse. Although HP admitted it is looking ahead toward a challenging 2012, President and CEO Meg Whitman addressed many industry watchers’ concerns about HP’s tumultuous few months during the firm’s earnings presentation.