HP today announced in a press release that it will not spin off it’s Personal Systems Group.
It was under HP’s then CEO, Leo Apotheker, that it had announced made public, it’s plans to split it’s PC division. This had shocked customers and partners alike. Then came along Meg Whitman, who assured that the company will reconsider it’s spin off plan. It’s taken about two months for HP under it’s new CEO to finally announce that the PC division will be under HP for good.
“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,” said Meg Whitman, HP president and chief executive officer. “HP is committed to PSG, and together we are stronger.”
HP still stands at the top in the PC business, way ahead of it’s competitors and Leo Apotheker’s idea that HP should move towards being a service provider abandoning it’s PC business did not go down with it’s board and that led to his ouster.
With the decision finally taken, HP can now move forward without any uncertainty with the Personal Systems Group getting full support from 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.”
So, it’s back to the game for HP and welcome news for HP fans world wide.