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HP Is Planning To Split Into Two Separate Businesses, Sources Say
mrspoonsi writes Hewlett-Packard is planning to split itself into two separate businesses, The Wall Street Journal is reporting. Sources tell the WSJ that HP will split its personal-computer and printer segments from its corporate hardware and services business. The announcement could come as early as Monday, the sources said. The company reorganized itself in 2012 under CEO Meg Whitman. That move combined its computer and printer businesses. The PC and computer segment is massive for HP. For the first six months this year, it reported $27.8 billion in revenue. That's about three times the size of HP's next biggest unit, the Enterprise Group, which makes servers, storage, and network hardware. Under the new split, Whitman would be chairman of the computer and printer business, and CEO of a separate Enterprise Group, according to one of the sources. Patricia Russo, who sits on HP's board, would be chairman of the enterprise company. The printer and PC operation would be led by Dion Weisler, a current exec in that division.
Good. It's only a matter of time now until the PC unit fails and the HP name can be bought back by its proper owner Keysight.
I am becoming gerund, destroyer of verbs.
When I heard it I first thought they want to split into one company selling printers (and living on subsidies) and one selling printer ink...
When my $49 HP printer runs out of ink, the replacement ink cartridge costs $29. So instead of buying the ink, I disassemble the printer into a pile of gears, cogs, timing belts, stepper motors, etc. and sell them on eBay as "robot parts". The I use the proceeds to buy a new printer, including ink, for $49.