Sunday, April 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Display Leads The OLED Market
China Telecom To Sell Phones With Alibaba
SK Hynix To Start Production Of 36-Layer 3D NAND Flash Chips
Apple Watch Available In Select Stores
Comcast Abandons Time Warner Cable Acquisition Bid
Luxottica To Release Hi-tech Glasses Powered By Intel
Toshiba Starts Mass Production of 13 Megapixel CMOS Image Sensor
ARM Details New Cortex-A72 Processor
Active Discussions
menu making
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Question about nero
Copied dvd's say blank in computer only
Optiarc AD-7260S review
cdrw trouble
 Home > News > PC Parts > Hewlett...
Last 7 Days News : SU MO TU WE TH FR SA All News

Saturday, August 20, 2011
Hewlett-Packard Quits Smartphone and Tablet Businesses, Spins Off Its PC Business


Hewlett-Packard, one of the world's largest technology companies, is ditching most of its consumer businesses to become more like corporate-focused rivals IBM and Oracle.

HP will no longer make smartphones and tablet computers and wants to leave the PC business. As part of the company's transformation plan, HP announced that its board of directors has authorized the exploration of strategic alternatives for the company's Personal Systems Group. HP will consider other options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction.

HP will also discontinue operations for webOS devices, specifically the TouchPad and webOS phones. The company claims that the devices have not met internal milestones and financial targets. However, HP will continue to explore options to optimize the value of webOS software going forward.

In addition, HP announced the terms of a recommended transaction for all of the outstanding shares of Autonomy Corporation plc for £25.50 ($42.11) per share in cash. Autonomy's software powers a full spectrum of mission-critical enterprise applications, including pan-enterprise search, customer interaction solutions, information governance, end-to-end eDiscovery, records management, archiving, business process management, web content management, web optimization, rich media management and video and audio analysis. "The addition of Autonomy will accelerate HP's ability to deliver on its strategy to offer cloud-based solutions and software that best addresses the changing needs of businesses," HP said.

"We're focused on improving performance across the business," said L?o Apotheker, HP president and chief executive officer. "HP is taking bold, transformative steps to position the company as a leader in the evolving information economy. Today's announced plan will allow HP to drive creation of long-term shareholder value through a focus on fewer fronts, thereby improving its ability to execute, invest in innovation and drive a higher-margin business mix."

HP's stock plunged 20 percent on Friday, a day after the restructuring announcement. That's asignal that investors are doubtful about HP's ability to thrive without businesses that have helped set it apart from rivals. Even though the PC division that HP wants to sell or spin off is the company's least profitable, it accounts for nearly a third of revenue.


Previous
Next
Intel Discloses New Architecture Features of Next Generation Itanium Processor Poulson        All News        Sony Reduces PlayStation Price
Intel Discloses New Architecture Features of Next Generation Itanium Processor Poulson     PC Parts News      Samsung Develops 30nm-class 32GB Green DDR3

Get RSS feed Easy Print E-Mail this Message

Related News
HP Launches Back to School PCs With Fresh Designs
HP and FireEye Announce Alliance for Incident Response and Threat Services
HP And Bang & Olufsen to Bring Premium Sound to PCs
HP Delivers Open standards-based Servers
HP to Buy Aruba Networks
HP Introduces The Spectre x360 Convertible PC
HP Delivers Predictive Analytics at Big Data Scale
HP Led The Notebook Market In 2014
HP Refreshes Its Tablet Lineup
HP Takes Legal Actions Against Patent Infringing Inkjet Supplies
HP Announces new Mini Desktops And Workstation for the office
HP Debuts Virtual Reality Displays

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .