Hewlett-Packard said plans to break into two
Hewlett-Packard, a pioneer in business computers, plans to break into two parts as it separates its personal-computer and printer businesses from its technology services.
CEO Meg Whitman, who has led a multiyear restructuring, would serve as chairman of the PC and printer business and CEO of the separate company, which would be chaired by HP’s current lead independent director Patricia Russo, according to several published reports.
“The major benefit I see in the move is that the enterprise business will have a singular focus on the data center, and the PC and printer business can be a lot speedier and agile,” said Patrick Moorhead, president of Moor Insights & Strategy, a tech analyst firm.
In August, HP reported good news: a sales uptick. It said a resurgence in PC shipments helped boost its year-over-year revenue 1% to $27.6 billion. Its Personal Systems group, which includes PCs and notebooks, grew 12% in that time.
Desktops accounted for about 40% revenue of HP revenue as consumers seek out larger computer screens for more more sophisticated tasks they cannot do on tablets.
Source: Usatoday- Hewlett-Packard said plans to break into two
