Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
HP to keep its PC Division
Posted on 28-Oct-2011 09:49. | Tags Filed under: News.



HP 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 strategic review involved subject matter experts from across the businesses and functions. 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.

The outcome of this exercise reaffirms HP’s model and the value for its customers and shareholders. 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.

PSG has a history of innovation and technological leadership as well as an established record of industry-leading profitability. It is the No. 1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010.

“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.”



comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

The President Of The USA - Who do you think?
Created by TimA, last reply by Sideface on 4-Dec-2016 16:03 (877 replies)
Pages... 57 58 59


Woooaaahh earthquake 2016-11-14
Created by Fred99, last reply by Pumpedd on 1-Dec-2016 11:50 (470 replies)
Pages... 30 31 32


1GB Plan Capping Out at 100Mb Download
Created by Kopkiwi, last reply by sbiddle on 3-Dec-2016 17:10 (23 replies)
Pages... 2


Christmas. Bah, humbug.
Created by Rikkitic, last reply by alasta on 3-Dec-2016 13:43 (40 replies)
Pages... 2 3


'Quality' NZ news on the way?
Created by Rikkitic, last reply by alasta on 4-Dec-2016 09:49 (91 replies)
Pages... 5 6 7


Spark Ultra Fast Fibre MAX performance and discussion (Some might say Gigabit)
Created by Talkiet, last reply by sbiddle on 3-Dec-2016 21:15 (55 replies)
Pages... 2 3 4


FS: NES Classic Mini - New and unopened
Created by thewanderingv, last reply by thewanderingv on 2-Dec-2016 22:47 (17 replies)
Pages... 2


Pike River - Seal or recovery?
Created by gzt, last reply by sir1963 on 4-Dec-2016 16:05 (67 replies)
Pages... 3 4 5