HP scraps plans to spin off PC business

After objective evaluation, HP said keeping PSG within HP is right for customers and partners

PTI | October 31, 2011



Technology giant HP has scrapped the plans to spin off its personal computer unit, about a month after the ouster of its former CEO Leo Apotheker who had mooted this proposal in August last as part of the strategic overhaul.

"HP objectively evaluated the strategic, financial and operational impact of spinning off Personal Systems Group (PSG). It is clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders and right for employees," HP President and Chief Executive Officer Meg Whitman said in a statement.

HP is committed to PSG, and together we are stronger, she added.

Investors were shocked when former CEO Apotheker said that the company was considering hiving off the PSG -- which includes PCs -- and would kill its new tablet computer TouchPad as part of its new strategy.

Apotheker was fired last month after the announcement of acquisition of British software firm Autonomy for USD 10 billion.

Calling the PSG a key component of HP's strategy, Whitman said HP's board is confident that the vertical can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP's business.

"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," HP PSG Executive Vice President Todd Bradley said.

HP is a leading manufacturer of personal computers with revenues totaling USD 40.7 billion for fiscal year 2010.

Comments

 

Other News

Income Tax dept holds Ghatkopar Outreach on new IT Act

The Income Tax Department organised an outreach programme in Ghatkopar, Mumbai, to raise awareness about the key features of the Income Tax Act, 2025, effective April 1, 2026. The initiative is part of a nationwide effort to promote taxpayer awareness, simplify compliance, and strengthen a transparent, eff

Making AI work where governance is closest to people

India’s next governance leap may not solely come from digitisation. It will come from making public systems more intelligent, more adaptive, and more responsive to the dynamics at the grassroots. That opportunity is especially significant at the panchayat level, where governance is not an abstract po

Borrowing troubles: How small loans are quietly trapping youth

A silent crisis is playing out in the pocket of young India, not in stock markets or government treasuries, but in smartphones of college students and first-jobbers who clicked on the Apply Now button without reading the small print.  A decade ago, to take a loan, you had to do some paperwor

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter