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

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter