HP reportedly on the verge of splitting into two companies

[Antimony]

 

Hewlett-Packard is reportedly splitting into two companies.

The computing juggernaut is said to be on the verge of partitioning itself into two businesses, one focused on personal computers and printers and the other on enterprise hardware and services. The Wall Street Journal first reported the possible break-up.

Announcement of the new structure could come as soon as Monday. Under the new set-up, Meg Whitman would reportedly chair the PC and printer business while serving as CEO of the enterprise company. Dion Weisler, executive vice president of printing and personal systems, would stay in his precinct, just with the new title of CEO. Finally, it would fall to HP director Patricia Russo to chair the enterprise business.

 

Why split?

 

This isn't the first time talks of a split have swirled around HP.

HP toyed with siphoning off its PC division in 2011 after it acquired Autonomy Corp., though the company quickly pulled back on the plan. The firm has seen a restructure under Whitman's leadership, including the melding of its PC and printer business into one group.

According to Re/code, HP spent months looking to sell several of its business units, among them its PC and enterprise services arms, but found no outside takers. Lenovo and Dell were reportedly approached about taking HP's PC business off its hands, while two Indian companies were courted with buying its enterprise unit.

IBM was also reportedly approached regarding HP's Business Critical Service sector. HP's advances weren't met with affirmative answers.

 

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