HP to announce spin-out of PC business during tonight's earnings call, report claims

By on Aug 18, 2011 at 12:30 PM
Breaking August 18, 2011

Hewlett-Packard will announce on Thursday evening that it is separating its PC division into a new, separate company, Bloomberg reported on Thursday. HP, the world’s No. 1 PC vendor, will announce that it has acquired software giant Autonomy Corp. and its PC hardware business will be spun out into its own business. According to Bloomberg, HP may have spent approximately $10 billion on Autonomy. HP is scheduled to report its second-quarter earnings following market close on Thursday.

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  • http://twitter.com/Ether813_IX Ian Ximinies

    Makes sense, starting licensing software out…including…WEBOS

  • Anonymous

    LOL HP

  • Anonymous

    hp SHOULD lincense WEBOS  that be huge!!!

  • Robert

    They should call the new computer company, Compaq:)

    • http://twitter.com/AngstKeiner AngstKeiner

      That’s some funny shit right there!

    • Anonymous

      That tickled my funny bone…Ha Ha!
      Maybe they should bring back the ‘iPaq”. I have one laying around somewhere. :-)

  • Anonymous

    If we assume that HP is spinning off a successful division to shed some dead weight (i.e., divisions that don’t make money), who thought HP buying Palm was a good idea again?  HP have proven to be clueless about how to implement and market webOS beyond even the most negative person’s imagination.

    • Anonymous

      If it’s anything like IBM (who have consistently led HP in the business model stakes), they are getting rid of a commodity business with low margins (like IBM sold its PCs unit to Lenovo) to keep and focus the more successful, higher growth, higher margin businesses.

      IBM did all this before – bought large in services (PWC Consulting & others), grew it massively into IBM GS, spun-off PCs, grew the software business, etc. At the same time, HP got bigger in PCs (via Compaq) as IBM was getting rid of them, and bought EDS after IBM got heavily into services and is now buying software companies (Autonomy – CMS software etc.). HP has finally realized that being #1 in PCs is not worth much if it is a drag on overall corporate performance.

      This reminds me of the South Park episode where Butters tries to be a supervillain but discovered that everything he planned to do had already been done by The Simpsons

      • serpentor

        What HP doesn’t understand is the PC doesn’t have to be a commodity business, just ask Apple.

        If find it interesting that they’re trying to get rid of hardware to focus on cloud, while Amazon is looking to make their own hardware to sell their cloud services.

  • penetrode

    isn’t it SPIN OFF rather than SPIN OUT?

    • Spin-out

      Wiki.
      A spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company “splits off” sections of itself as a separate business.

  • Anonymous

    Samsung needs to buy the mobile division if they can.

    WebOS needs a decent home.

    • jd

      Microsoft will buy WebOS and mate it to WM7, just like the south park episode When an Elephant makes love to a Pig.

      • Bullet Tooth Tony

        Maybe Apple will buy it and sew it to iOS and a series of humans… just like the South Park episode where Steve Jobs made the Human Cent-iPad…

  • Anonymous

    They are shutting down all webos products…phones and touchpads. WebOS is dead…

    • jd

      Come on man, where’s the south park reference?

    • jd

      what you ment to says is. This is like three south park episode where Kenny dies for a couple off seasons, then comes back when everyone missed him.

  • eNKay516

    Nobody calls it a “spin-out” it’s a “spin-off”

  • http://profiles.google.com/jayq330 Jonathan Oquendo

    google might as well buy this OS & use it as an addition to there google chrome books. since this os can run off the web & in a browser it can be a huge advantage. it would be interesting if somehow they would be able to include this into the start page of the chrome browser along with all you google app’s & some android intergration.

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