Tag Archives: ceo

FLIP-FLOP! HP announces to keep its PC division! So when’s the next $99 TouchPad??!

27 Oct

“Hopefully this is a beginning of a set of events over the next year that demonstrates the board has a better grip on things,” Forrester analyst Frank Gillett said. “It didnt feel well thought out or well executed in August.

“Separating the PC business would have meant about $1.5 billion in one-time expenses including establishing the infrastructure such as new systems for IT, support, sales and channel operations, a company spokesman said.

The elimination of joint opportunities — such as branding and procurement — would have cost HP over $1 billion annually, he said.

Some of the alternatives that HP was previously considering included hiving off the business into a separate company through a spin-off or sale.

via Bottom Line – HP decides to keep PC division.

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