Wednesday, June 28, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Western Digital Announces First 96-Layer 3D NAND Technology
New Intel SSD 545s Packs 64-layer 3D TLC Flash
Ransomware Hits Servers Across the Globe
New Sony 20MP CMOS Image Sensor Released
Western Digital Launches New My Passport Ultra Drive
AMD Radeon Vega Frontier Edition Launches for $1,000
Huawei Unveils the Honor 9 in Berlin
European Commission Fines Google Record 2.42 billion Euros For Giving Advantage to own Comparison Shopping Service in Search
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 > HP to K...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 27, 2011
HP to Keep PC Division


HP today announced that it has completed its evaluation of strategic alternatives for its Personal Systems Group (PSG) and has decided the unit will remain part of the company.

"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."

The retention of the PC business marks another flip-flop in strategy as the company had said earlier that its preferred option was to spin out the business. The world's largest technology company by revenue announced in August that it is considering strategic alternatives for its Personal Systems Group (PSG) -- which includes PCs -- and would kill its new tablet computer as part of a major revamping away from the consumer market.

"The data-driven evaluation revealed the depth of the integration that has occurred across key operations such as supply chain, IT and procurement. It also detailed the significant extent to which PSG contributes to HP's solutions portfolio and overall brand value. Finally, it also showed that the cost to recreate these in a standalone company outweighed any benefits of separation," HP said.

"PSG is a key component of HP's strategy to deliver higher value, lasting relationships with consumers, small- and medium-sized businesses and enterprise customers. The HP board of directors is confident that PSG can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP's business," 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."

PSG is the No. 1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010.


Previous
Next
Google Offers More Local Deals Personalized to Your Interests        All News        Intel SSD Toolbox Updated
AMD Reaches Q3 Targets Despite 32-nm Low Yields     PC Parts News      Intel SSD Toolbox Updated

Get RSS feed Easy Print E-Mail this Message

Related News
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
CES 2017: HP Announces Redesigned Sprout Pro, 4K PCs and Curved Gaming Display
HP Announces The Rugged ProBook x360 11 Education Edition
Hewlett Packard Enterprise Demonstrates First Memory-Driven Computer
Nokia, HP, Rumored To Release New Smartphones in 2017

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 .