28 Oct '11, 4am

HP reverses its decision to spin off PC business

HP reverses its decision to spin off PC business

New HP CEO Reverses PC Business Spin Off Decision There were many who were horrified when HP announced that they would be spinning off or selling their PC division in August. But that was when HP was led by then CEO Leo Apotheker, who tried to change the direction in which HP was heading -- out of the hardware business. Apotheker was widely criticized for wanting to turn HP into a wholly solutions company, not unlike IBM. The chatter only got worse when critics found out they overpaid for UK software company, Autonomy. Apotheker was removed as CEO, and Meg Whitman was placed in charged of the company. According to a report by Mashable , Whitman has decided that perhaps spinning off or selling HP's growing PC business, -- which now leads second place Lenovo and third place Dell -- isn't a move she ought to take. HP released a press statement to inform the media that it has ...

Full article: http://www.hardwarezone.com.sg/tech-news-new-hp-ceo-rever...

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