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article imageHP is to split into two separate business and consumer companies

By James Walker     Oct 6, 2014 in Technology
Technology giant HP is planning to split itself into two separate companies with one focusing on business solutions and the other on the consumer computing products that it produces today.
HP confirmed the news that was revealed by The Wall Street Journal earlier today. Current CEO Meg Whitman will take charge of the business-orientated company while the consumer one will be chiefed by HP's head of personal computing and printing, Dion Wiesler.
The deal is reminiscent of the announcement three years ago that HP was to stop producing personal computers by then CEO Leo Apotheker. After the company slipped on the stock exchange because of the idea, the plan was shelved though. Since then, all has been fairly quiet regarding the market segments that HP is choosing to launch products in.
Neowin, citing sources from Re/Code, says that HP has been trying unsuccessfully to sell its consumer computing division for months however, approaching both Dell and Lenovo in the process. They also tried to offload their server division to IBM in a $1.2 billion proposal.
After being declined in all areas though, perhaps the only option left to HP is to divide itself into two distinct operations under two different leaders.
What names the two companies will trade under has yet to be decided although it seems likely that the consumer division will continue to use the trusted "HP" and "Compaq" branding that it currently does.
It also remains to be seen if the deal will affect device operating system manufacturers Google and Microsoft: HP products currently run both Android and Windows depending on the category. This could change in the coming months as HP decides its own future, splitting itself apart.
Hewlett-Packard Company | FindTheBest
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