With Mark Hurd stepping down from the post of the CEO from Hewlett -Packard Co. reckoned as the world's largest technology company it is hell bent upon proving the fact to Wall Street that the company is capable of thriving in the changed situation which Hurd had placed in motion.

The company under the tenure of Mark Hurd in its last full quarter that lasted from May till July made a handsome profit which matched with the estimates given by analysts. It also saw a good revenue generation which exceeded analyst’s expectations.

HP stocks got affected with the concern about who will be replacing Mark Hurd and also from doubts regarding the overall health of spending in technology

Shares of Hewlett-Packard saw a decline of one percent equivalent to forty one cents and been seen to trade on Thursday at forty five dollars and thirty five cents. The shares closed at forty dollars seventy six cents which is a fall of one decimal five percent or sixty cents.

Since the resignation of Hurd on the sixth of August the shares saw a fall of twelve percent for which shareholders suffered a loss of thirteen billion dollars.

Investors are mostly worried about the identity of Hurd’s successor. In Hurd’s tenure the company ventured in areas likes outsourcing and computer networking which fetched good profits for the company.

He was praised by Wall Street for his efficiency in reducing costs and in addition to add he generated profits of more than twenty billion of dollars from acquisition. In his regime fifty thousand jobs were cut down taking the employee strength of HP to three hundred thousand.

Another factor which affected the stocks of HP is the lowering down of spending on PCs by customers. Hp generates one third of its revenues from its sales of PCs and it is number one Pc seller in the world.