This content is from: Innovation
HP Decides To Keep PC Business
The world’s biggest computer maker by revenue Hewlett-Packard has reversed its decision to sell its personal computer division Personal Systems Group to shareholders.
The world’s biggest computer maker by revenue Hewlett-Packard (HP) has reversed its decision to sell its personal computer (PC) division Personal Systems Group to shareholders, Financial Times reports. CEO Meg Whitman said she had evaluated the strategic, financial and operational impact, and the board had backed the reversal. The division’s sales top $40 billion, fetching a moderate profit.
The move will help the PC business retain employees and boost corporate sales that were at risk over concerns about service and product development. Former CEO Leo Apotheker had proposed the spin-off as part of a shift toward software and services for businesses, one reason why he had to leave.
Click here for the release from Financial Times.
Click here for the story from AFP.