HP will keep PC division, hope alive

There's been plenty of speculation about what the future holds for HP and its Personal Systems Group -- a group that CEO Leo Apotheker seemed intent to shed -- but the crew now led by CEO Meg Whitman has just confirmed that division is staying home, where it belongs. Meg says the company "objectively evaluated" the idea of spinning PSG off but decided that keeping it in-house is "right for customers and partners, right for shareholders, and right for employees." Or, maybe her reserve wasn't met. Either way, the press release after the break goes on to confirm that the board believes PSG will continue to "drive profitable growth" in these challenging times. Maybe good 'ol Leo was right when he said "You still need larger machines to handle heavy-duty tasks." Heavy indeed.

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HP will keep PC division, hope alive originally appeared on Engadget on Thu, 27 Oct 2011 16:07:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/10/27/hp-will-keep-pc-division-hope-alive/

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