The last time we talked about HP here on our site was when we reviewed the HP Slate 7. Now it’s time to take a look at the latest HP news and discuss how rumors are saying that HP will split into two companies this year.
HP will Split into Two Companies
Hewlett-Packard is one of the world’s largest tech companies. It was founded by Bill Hewlett and Dave Packard in 1939 and they’ve helped put the PC in every home. They are currently employing more than 300,000 employees around the globe.
HP will split into two companies, some reports are saying. The corporate hardware and service operations will move away from the performing computer and printer business. HP hasn’t been doing well, in the past years, as it is struggling to keep its position in an ever-changing market.
Many of its endeavors to continue to be present on the tech market have been complete and utter fails (see the HP Touchpad which was pulled after one month on being on the market). Tens of thousands of job cuts have been announced in the past few years and in August, HP reported a sharp fall in profit.
The PCs, which are HP’s main money maker are coming back, or at least that’s what Meg Whitman, HP Chief Executive, would like to believe; she has said that it is a declining business, though. Maybe this is the reason why HP will split into two companies.
The news about the split comes from the Wall Street Journal and the company is expected to confirm the rumors as early as Monday. If the split is real and it is going to happen, some say that HP will have a chance at survival, while other see this as the final nail in HP’s coffin.
The same reports say that Meg Whitman is going to be the head of the new company, in charge of printing and PC, HP’s most successful departments.
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