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HP plans to split business, say reports

6/10/2014 by

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Hewlett Packard (HP) is planning to turn its consumer computing and printing departments into a separate company, according to reports. The remaining business would comprise HP's software, business servers and IT services operations.

According to a report in the Wall Street Journal, it is the latest strategy by the company to reverse its recent decline. By separating the business, HP could focus on parts of the company that are more profitable.

This is a trend in the IT sector where multifaceted, publicly listed suppliers increase business lines over the years but are unable to gain full potential value from individual parts. 

For example, last week eBay announcedPayPal will become a separate company in 2015 after eBay’s board decided it will not be in either operations' benefit to stay together. The split will enable each business to focus separately on growth.

The report said the HP spin-off will be done through a tax-free distribution of shares to stockholders next year.

In 2011, HP considered separating its PC operation after the acquisition of Autonomy. Leo Apotheker, the CEO at the time, said the company was exploring the idea but it never happened.

This article has been extracted from http://www.computerweekly.com, please click on this link to read the article in full http://www.computerweekly.com/news/2240232114/HP-plans-to-split-business

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