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New HP CEO Reverses PC Business Spin Off Decision

New HP CEO Reverses PC Business Spin Off Decision

There were many who were horrified when HP announced that they would be spinning off or selling their PC division in August. But that was when HP was led by then CEO  Leo Apotheker, who tried to change the direction in which HP was heading -- out of the hardware business.

Apotheker was widely criticized for wanting to turn HP into a wholly solutions company, not unlike IBM. The chatter only got worse when critics found out they overpaid for UK software company, Autonomy.

Apotheker was removed as CEO, and Meg Whitman was placed in charged of the company. According to a report by Mashable, Whitman has decided that perhaps spinning off or selling HP's growing PC business, -- which now leads second place Lenovo and third place Dell -- isn't a move she ought to take.

HP released a press statement to inform the media that it has now decided that selling or spinning off the PC business isn't a strategy that they want to take now, and that it wouldn't be "right for customers and partners, right for shareholders, and right for employees," Whitman said.

Mashable also quoted HP's PR manager of social media strategy, who mentioned on his blog that the company spent countless man hours trying to work out how removing the PC business would affect the company.

“As part of HP, PSG will continue to give customers and partners the advantages of product innovation and global scale across the industry’s broadest portfolio of PCs, workstations and more,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “We intend to make the leading PC business in the world even better.”

To read more, click here (Source: Mashable)

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