HP Will Not Spin Off PC Division
HP Thursday announced that it is dropping plans to spin off its PC division.
“HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” Meg Whitman, HP's new president and chief executive officer, said in a statement issued Thursday afternoon. “HP is committed to PSG, and together we are stronger.”
The decision followed a strategic review.