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

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

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.