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Report: HP to split in two, spinning off the struggling PC, mobile businesses

Written by Andre Yoskowitz (Google+) @ 05 Oct 2014 22:32 User comments (3)

Report: HP to split in two, spinning off the struggling PC, mobile businesses Tech giant HP could be on the verge of splitting in two, says a new WSJ report, a move that could help the struggling company to better focus and re-invent itself.
The company has struggled greatly in the computer and mobile areas, but still brings in over $100 billion in revenue per year and has over 300,000 employees despite the recent announcement that 30,000 employees would be laid off in a cost cutting move.

A split would separate the struggling computer and printer businesses from its fast-growing and much more profitable corporate hardware and services operations.

Over the past few years, investors have grown louder in their call for a split of the company or a full sale of the PC and mobile businesses. The corporate services division provides computer servers, networking and data storage to businesses, a much higher margin endeavor.

After the split, current CEO Meg Whitman will become CEO of the enterprise company and stay as chairman of the PC business.

Source:
Reuters

Tags: Spin-off HP
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3 user comments

16.10.2014 12:57

Nothing like becoming Chairman of a biz that has lost its financial viability and is inevitably dying.

26.10.2014 21:03

For the past 8 years HP has made nothing but inexpensive junk. Their laptops overheat, their desktops blow capacitors and their printers end up with clogged nozzles which you can never unclog. I've seen HP laptops die one after another. They need to get on par with everyone else and not just release cheap garbage and release a product that actually lasts. I would never recommend an HP to anybody.

36.10.2014 21:14

I liked the note book touchsmart line and of the 3 HP printers I have had I liked them ink costs aside, have a refurbed TM2 with an I5 and 6GB ramm. Its a shame they have let their quality fall so much....


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