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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Zach Epstein has worked in and around ICT for more than a decade, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.