Sunday, September 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Russian Firm Unveils 'surveillance-proof' Smartphone
Intel Kills Project Alloy VR Headset
New 4K Apple TV will Only Stream iTunes 4K Content
China-backed Canyon Bridge Buys Imagination for £550 million
iPhone 8 Teardown
Uber Lost License to Operate in London
Globalfoundries Asks EU to Probe TSMC
Facebook to Provide Congress With Ads Linked to Russian Internet Research Agency
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
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 Announces New Premium PCs, Offers Sevice As a Service, Launches University for Partner Employees
HP Announces new OMEN X Laptop
HP's Z VR Backpack G1 Workstation Puts Pros Into the VR World
HP Takes Back PC Shipment Crown from Lenovo
HP Debuts Omen Accelerator, Powerful Omen and Omen X Compact Desktops
HP Debuts New Premium PC Portfolio Taking On Microsoft's Surface Models
Hewlett Packard Enterprise Reveals Powerful " The Machine" Computer Prototype, Although Key Technology Is Missing
HP Patches Keylogging Bug in Laptops
New HP Zbook Laptops Take On Apple's Mac Pro
HPE to Buy Nimble Storage for $1.09 billion
MWC: HP Announces The Pro x2 612 G2 Commercial Detachable
HP Recalls More Than 100,000 Laptop Batteries

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .