Posted on Wednesday, October 12 2011 @ 20:23 CEST by Thomas De Maesschalck
Despite earlier statements by HP that it will not reverse decisions made by its former CEO Léo Apotheker, WSJ now reports that new CEO Meg Whitman is having seconds thoughts about spinning off the PC division.
Quoting "people familiar with the matter," the Wall Street Journal reports that "fresh analyses show the costs [of a spin-off] might outweigh the benefits." The Journal says HP is considering scrapping the spin-off route, as a result.
That would leave a sale of the PC business as an alternative—although of course, HP could just as well keep the unit in-house and retain its status as the world's biggest PC vendor. We should find out about HP's strategy for sure later this month. Whitman promised last week to come to a decision before the end of October.
Source: Tech Report
