After announcing this past August that it was considering a spin off of its PC business, HP confirmed on Thursday that it would keep its PC division. “HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, …
HP’s newly appointed CEO Meg Whitman said the company will decide this month whether or not it is going to spin off its personal systems group (PSG). “We have to make a final decision about what to do with the PC division,” Whitman said. “It’s a decision I want to make much faster than my …
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 of two things: We can’t offer a better proposition to customers and investors,” Lane said. “If we can’t it stays inside HP.” …
Netflix CEO Reed Hastings in a letter to subscribers on Monday stated that Netflix will no longer operate the DVD rental-by-mail service that carried it to the top of the home entertainment industry. Instead, Netflix will be a streaming-only service while the DVD rental business — which will soon add video games to its portfolio …
Research firm Canalys recently sent a note to its clients that suggested HP might have better luck spinning off its PC business if it revived its webOS-powered TouchPad tablet. Canalys said the TouchPad could boost the value of HP’s computer division by as much as twofold, given the recent popularity of the tablet at its lower …
It remains to be seen whether Hewlett-Packard’s upcoming overhaul will pay off in the long run, but one things seems clear: the manner in which HP revealed its plans was ill-conceived at best. HP’s announcements sent its stock tumbling, and analysts continue to lose faith in the company as unrest builds. In a note to investors …
