Microsoft and Barnes & Noble on Monday announced the formation of a new partnership that will spin the bookseller’s digital Nook and College businesses into a new unnamed subsidiary. Microsoft’s investment of $300 million will bring it a 17% stake in the newly formed business, which is valued at $1.7 billion, and Barnes & Noble …
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.” …
HP’s customers are wary of purchasing new products from the company after its recent decision to kill off its webOS mobile operating system and possibly spin off its PC business. The chief information officer of Fluor Corp Ray Barnard told The Wall Street Journal his company typically spends $25 million per year upgrading its hardware …
On August 18th, HP announced that it was killing off its webOS devices business and considering a possible spin-off of its personal systems group (PSG). The head of HP’s PC business, executive vice president Todd Bradley, discussed the TouchPad and his company’s PC business with Reuters, explaining that a spin-off could be the “best value” …
