Thursday, August 18, 2011

HP may spin off its PC business to escape iPad effect

A potentially landscape-altering rumor emerged Thursday that HP was about to split off the Personal Systems Group that controls its PC business. Contacts with "direct knowledge" claimed the division could happen just as it was set to announce its spring quarter results in the afternoon. Bloomberg suggested HP was hoping to reduce its dependence on computers, where its emphasis on a low profit margin was being hurt as more buyers were opting for iPads instead....

Source: http://feeds.macnn.com/click.phdo?i=627e097080b954ed1c8e4d65a287c68f

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