According to the news, they will be splinted in a form that One will focus on the firm’s personal computer and printer business while the other on its business hardware and services, according to a story in today’s Wall Street Journal.
The publication, citing “people familiar with the matter,” said the split may be made public as early as tomorrow..
The Journal also said that current CEO Meg Whitman will become CEO of the enterprise-oriented company, while the independent director Patricia Russo will be chairman. Whitman will serve as chairman of the PC/printer firm, and exec Dion Weisler will be CEO.
Well i presume the reason for this change is because HP has been struggling with its dual selves of being oriented toward businesses’ high-end needs and toward personal computers and printers. Several company executives have discussed spinning off its PC unit in the past, only to be followed by the company asserting its long-term interest in PCs.
In the year 2000, as some of us may know, Agilent Technologies split off from HP, taking with it the test and measurement equipment business that was HP’s first line of business.
This company has reigned and its still reigning as the no 1 PC maker in the world, even if dropped to second place last year in the rankings of industry research firm IDC, after Lenovo, i still prefer Hp over any, its durable, and most of all it has a second hand value in my country.... Its printer/personal systems group rakes in about $56 billion in fiscal 2013, about half the company’s total, but sales are down about seven percent from the previous year.
Via the Wall Street Journal
The publication, citing “people familiar with the matter,” said the split may be made public as early as tomorrow..
The Journal also said that current CEO Meg Whitman will become CEO of the enterprise-oriented company, while the independent director Patricia Russo will be chairman. Whitman will serve as chairman of the PC/printer firm, and exec Dion Weisler will be CEO.
Well i presume the reason for this change is because HP has been struggling with its dual selves of being oriented toward businesses’ high-end needs and toward personal computers and printers. Several company executives have discussed spinning off its PC unit in the past, only to be followed by the company asserting its long-term interest in PCs.
In the year 2000, as some of us may know, Agilent Technologies split off from HP, taking with it the test and measurement equipment business that was HP’s first line of business.
This company has reigned and its still reigning as the no 1 PC maker in the world, even if dropped to second place last year in the rankings of industry research firm IDC, after Lenovo, i still prefer Hp over any, its durable, and most of all it has a second hand value in my country.... Its printer/personal systems group rakes in about $56 billion in fiscal 2013, about half the company’s total, but sales are down about seven percent from the previous year.
Via the Wall Street Journal
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