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HP getting rid of PC business, webOS devices dead
Posted by Andru Edwards Categories: Corporate News, PC / Laptop, Software,
Hewlett-Packard on Thursday confirmed that it will acquire U.K.-based Autonomy for $10.2 billion and is looking to spin off its PC assets.
Together with its plans to stop supporting webOS devices, the announcements mark a major change for HP. They appear to represent a seismic shift in how the Silicon Valley computing giant, the world's largest tech company in terms of annual revenue, plans to conduct business going forward.
The HP board's authorization of "the exploration of strategic alternatives for its Personal Systems Group (PSG)" includes "a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction." Unlike the dumping of recently acquired Palm, slipping badly in a market dominated by Apple and devices running Google's Android OS, a spin-off of the PSG means HP would be parting with a long-standing investment that has turned into the biggest PC maker in the world.
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