Just a month after reporting that HP will spin-off its Personal Systems Group into a separate company, now they are announcing that it won’t happen. Their plans have changed so as their CEO’s. Their new CEO Whitman said that,
” HP is committed to PSG, and together we are stronger.”
That’s a good decision.
Continued combination of HP and its Personal Systems Group expected to deliver greater customer and shareholder value
PALO ALTO, Calif.–(BUSINESS WIRE
)–HP (NYSE:HPQ) 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”