15 Jan '11, 1am

#HP CEO to shake up business, focus on software , networking and storage.....PCs and servers to be left aside....

NEW YORK - Hewlett-Packard Co is formulating what it calls a "bold" plan for its future under new chief executive Leo Apotheker, but dismissed a report that it would reshuffle its top executives. The world's No. 1 U.S. computer maker, which has been roiled since the surprise exit of former CEO Mark Hurd in August, is expected to set out a new strategy soon, but the company said it would make the plan public in its own time. Earlier on Friday, the Wall Street Journal, citing unnamed sources, published a report that H-P planned to invest more in its software, networking and storage businesses, while promoting a key executive to vice chairman. "Speculation today about H-P is being passed off as fact and is not accurate," an H-P spokeswoman said in an e-mailed statement. "H-P is formulating a bold, solid plan for its future, a plan it will share with its employees, shareholder...

Full article: http://sg.news.yahoo.com/rtrs/20110115/tbs-business-us-he...

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