HEWLETT-PACKARD ANNOUNCES PLAN TO SPLIT COMPANY IN TWO AS LAYOFFS CONTINUE (STA BREAKING NEWS and ARCHIVES)

by STANews , Monday, October 06, 2014, 10:40

The 75-year-old Palo Alto-based company, one of the original tech titans, had previously fought off calls for a break-up but has now decided that it will separate its “enterprise” arm – aimed at business and including servers and data storage equipment, software and services from its business selling personal computers and printers.

HP came close to a break-up in 2011 after its ill-fated acquisition of UK software company Autonomy. But the chief executive officer at the time, Meg Whitman, rejected the idea. “Together we are stronger,” she said. HP reorganized itself in 2012 to combine the PC business with its more profitable printer operation. Mondays announcement follows news that the company would cut 5,000 more, bringing the total number of layoffs in 2014 to 34,000.

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http://www.theguardian.com/business/2014/oct/06/hewlett-packard-split-two-data-printers