HP today announced that it has completed its evaluation of strategic alternatives for its Personal Systems Group (PSG) and has decided the unit will remain part of the company.
"HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It's 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."
The strategic review involved subject matter experts from across the businesses and functions. The data-driven evaluation revealed the depth of the integration that has occurred across key operations such as supply chain, IT and procurement. It also detailed the significant extent to which PSG contributes to HP's solutions portfolio and overall brand value. Finally, it also showed that the cost to recreate these in a standalone company outweighed any benefits of separation.
No mention was made about whether HP plans to keep webOS and its TouchPad tablet alive.
Get the iClarified Daily Newsletter
Apple news, rumors, tutorials, price drop alerts, in your inbox every evening, free.
Unsubscribe at any time.
Success!
You have been subscribed.
Add Comment
Would you like to be notified when someone replies or adds a new comment?
Yes (All Threads)
Yes (This Thread Only)
No
Notifications
Would you like to be notified when we post a new Apple news article or tutorial?
Yes
No
Comments (4)
Comments are closed for this article.
0
Notch - October 30, 2011 at 10:10pm
Ha, even HP doesn't want HP computers.
What other company hates itself more than HP?
The same one that hires Whitman.
0
Khantastic - October 28, 2011 at 7:41am
The photo below ironically looks like that of a tombstone.
0
Nobo1 - October 28, 2011 at 6:55pm
why should hp continue to produce low quality PC's... stick to printers... sell web OS to apple!
0
Me84 - October 28, 2011 at 3:56am
"And in other news...GM announced today it will stop selling cars and focus its business towards selling lucrative auto parts....". ð