HP Won’t Spin Off Personal Computer Unit
The Hewlett-Packard blog now states that their PC business is staying put as an HP product. It looks like HP has decided against spinning off or selling its PC division a plan first brought to light in August by the companies now former CEO.
HP today announced that it has completed its evaluation of its Personal Systems Group (PSG) and has decided the unit will remain part of the company. Its clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees, said Meg Whitman, HP president and chief executive officer. HP is committed to PSG, and together we are stronger. PSG has a history of innovation and technological leadership as well as an established record of industry-leading profitability. It is the No. 1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010.
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