HP to 'spinoff PC biz' Hewlett-Packard is planning to spinoff its PC business, according to Bloomberg. An HP corporate spokesman declined to comment on the Bloomberg report, and neither would he reveal to us whether the news might be announced during the company's third-quarter earnings call, to be webcast at the close of US markets on Thursday. …
After systematically destroying the most profitable bits of the companies they have taken over since they did the job on Compaq suddenly they are doing an about turn.
Doh!
Whare's the brick wall to bang my head against? The ghost of Carly is on the move again.
Yeah I was a long term HP'er. Things went downhill ever since they took over Compaq. My small team made 50x our costs in profit (and increasing) but we were axed and escorted from the building with an hour of being told.
Now they go and sell their PC biz. Ironically on the same day that Lenovo are crowing over the success of their purchase of the the IBM PC Biz.
Hmmmm is there a pattern here? Do HP want Lenovo to buy their biz? Ha-ha.
Dell? don't make me laugh.
Then there is the doubtful future of Itanic?
This move seems even more crazy now that I think about it unless they want to sell the Printer biz as well and move into Consultancy. The same sector that they destroyed in Compaq and, well every other company they have taken over.
anon naturally.
I think this is in part specifically to keep focus on WebOS and other intellectual property to license.
They would likely keep the printers as they are still pretty high profit margin, and are not tied at the hip to the PC's
Selling the PC business only actually seems like a good idea for HP who is trying to position itself as a alternative company to Google and Apple and IBM (all companies in the business areas of high profit margins.
If they intend to shuffle of their phone and Tablet business with the PC unit they could be a vendor neutral OS and IP company with a strong consultancy and server arm.
The idea here being they would scuttle the low margin portions of their business that can really be done cheaper overseas.
On that note, the only reason overseas manufacturing, especially of computer electronics, is more profitable is because that is where wages are low, environmental damage is tolerated, and human abuse is legal (and profitable).
Really the U.S. and EU both should be ashamed of this trend, and we should all feel stupid as well, the elite class are reaping all the profits of this, and it was the promise of a better life for the middle class that got the masses on board to vote for it.
To be frank, HP's hardware line is the only good thing going for them. Their software and drivers are bloated, slow and poorly coded. If someone else ends up with the hardware line, perhaps they can focus on that and do it well.
Maybe they can call the spinoff 'Compaq'..
Let's see now:
1) Make computer biz "Compaq"
2) Change ticker symbol back to HWP.
3) Sell LOTS of ink.
4) Sell lots of inkjet printers (not really THAT necessary, as they are "loss leaders").
5) Make investors happy.
6) See Bill & Dave roll over in graves.
7) Maybe be bought out by Agilent, who knows.
8) In the words of the Beatles: "Get back to where you once belonged"
So a couple of years ago IBM uniquely offers enterprise customers a reasonably comprehensive service from hardware to software to services and consultancy. Then Oracle buys Sun, and there are two.
Now, two plus MeToo?
I guess with EDS on board they can take poll position in Hot Air.
Lets take our core business and scrap it and move into the software business. Of course we can compete with Microsoft, Oracle, SAP etc... and if it fails we can always go back to our core business, Oh wait...No we can't!
Kind of link tearing down the house and moving into the street before you build the next house.
Apple & Dell are happy. the #1 PC Maker just threw in the towel.
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