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Business News, page 4

HP may keep its PC business after all

In a recent interview with CRN, HP chairman Ray Lane outlined situations in which HP may hang on to its PC business. “If we don’t make that decision [to spin off], it’s because >>

Samsung profits slide 26% amid poor display sales

Samsung’s profits fell 26% during the second quarter due to poor sales in its LCD display division, according to a report the company released today. The firm’s operating profits were $3.5 billion for >>

Samsung to combine display, semiconductor businesses

Samsung will combine both its flat-panel display and semiconductor businesses into one unit, The Wall Street Journal reported on Friday. Samsung’s display business wasn’t profitable during the first quarter and it’s on track >>

Samsung divests its hard-drive unit, sells to Seagate

Reuters is reporting that Samsung Electronics has agreed to sell its hard drive business to Seagate Technology for $1.4 billion in cash and stock. The move is seen as two pronged: first, it >>