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Thursday, 27 October 2011
HP will not spin off PC business
After announcing this past August that it was considering a spin off of its PC business, HP confirmed on Thursday that it would keep its PC division.�?HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It?s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,? said HP CEO Meg Whitman in a statement. ?HP is committed to PSG, and together we are stronger.? The initial announcement, which was delivered alongside news that HP was discontinuing its two-moth-old TouchPad tablet and putting an end to its webOS hardware efforts, caused the company’s stock to tumble. Shares of HP are up 1% in after-hours trading
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