HP keeps PC Business

HP just announced to keep PC Division.

Oct 27 2011, 3:24pm CDT | by Luigi Lugmayr

HP 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,” said Meg Whitman, HP president and chief executive officer. “HP is committed to PSG, and together we are stronger.”

HP's PC business is the No. 1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010. Meg Whitman sees the value in this and puts HP back on track.

It is not clear if this decision has any meaning for webOS and the TouchPad. The announcement does not mention webOS. I assume that this means that HP will not pick up webOS again and just focuses on Microsoft Windows as OS.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.