Hewlett-Packard to split in two companies: Report
10 years, 5 months ago

Hewlett-Packard to split in two companies: Report

India TV News  

Washington: Hewlett-Packard Co., the iconic maker of personal computers and printers, reportedly plans to split itself into two separate companies by spinning off its technology services business. The Wall Street Journal reported the pending split Sunday citing people familiar with the matter, who said an official announcement could come as soon as Monday. The breakup would create one company that sells HP's computers and printers and a second that focuses on technology services, including data storage, servers and software. Printers and computers contributed 51 percent of the company's quarterly revenue, with the rest coming from four businesses that offer various technology services, including consulting, software and financial programs.

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