Hewlett-Packard has announced that they will be keeping their PC division after determining that the costs of a spin-off would outweigh the benefits.“It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees, “ HP’s new CEO Meg Whitman said in a statement, “HP is committed to PSG, and together we are stronger.”
The idea of bowing out of the personal computing business was originally conjured up back in mid-August by now ex-CEO Leo Apotheker, who wanted to focus on HP's software and server businesses versus personal computers.
Apotheker was removed from his post by the board of directors and replaced with Meg Whitman in late September, who quickly got to work in undoing the damage he'd done.
“As part of HP, PSG will continue to give customers and partners the advantages of product innovation and global scale across the industry’s broadest portfolio of PCs, workstations and more,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “We intend to make the leading PC business in the world even better."
Feel free to check out the full press release.
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