HP Decides Not to Spin off PC Division, webOS Future Still Uncertain
Thursday, October 27th marked the end of a long period of uncertainty for the HP faithful, as the company announced via conference call to not spin-off their Personal System Group and personal computer business. A period of evaluating various strategic alternatives revealed the unsurprising analysis that spinning off the world's still-profitable #1 PC business would not be a cost-effective move for HP.
Meg Whitman, HP's newly-appointed president and CEO stated:
"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," "HP is committed to PSG, and together we are stronger."
Of course, seeing as how WebOS and the Palm Global Business Unit fall under this division of HP, Executive Vice President of the PSG Todd Bradley said that HP is committed to WIndows 7 and 8-based tablets going forward and are still working to make a decision about "the long-term future of WebOS within HP over the next couple of months".
The full text of the press release as well as additional details are available here from HP.
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