Tuesday, October 7, 2014

Hewlett-Packard To Split

Technology giant Hewlett-Packard will break in two, according to sources cited by The Wall Street Journal on Sunday.

The company will reportedly be divided between its PC and printers units and its corporate hardware and services operations. Hewlett-Packard will announce the separation as early as Monday, according to WSJ.

The split is the latest in a series of high-profile technology breakups, following close on the heels of eBay's decision to spin off PayPal last week. Many expect better performance when a large company becomes focused on a more limited number of business lines.

Meg Whitman will be CEO of the corporate hardware and services company and act as chairman of the PC and printer company, according to the WSJ's sources. Dion Weisler will be CEO of the PC side, and Patricia Russo will be chairman of the corporate side.

HP has considered splitting up for years.


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