27 Oct '11, 9pm

HP to keep personal computer division after review

HP to keep personal computer division after review

NEW YORK: Hewlett-Packard announced on Thursday it will keep its personal computer division after reviewing a proposal by its former chief executive to spin off the unit. "HP objectively evaluated the strategic, financial and operational impact of spinning off PSG (the Personal Systems Group)," HP chief executive Meg Whitman said in a statement. "It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees," Whitman said. "HP is committed to PSG, and together we are stronger." Whitman took over as HP's president and chief executive on September 22, replacing Leo Apotheker, who was ousted after less than a year at the helm of the world's biggest computer maker. Spinning off the PC division had been proposed by Apotheker, a veteran of German business software giant SAP. HP said its PC unit would...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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