Bloomberg: HP to Spin Off PC Business

Jeffrey McCracken, Serena Saitto, and Aaron Ricadela, reporting for Bloomberg:

Hewlett-Packard Co., the world’s largest computer maker, is in talks to buy Autonomy Corp. for about $10 billion and plans to spin off its personal-computer business, people with direct knowledge of the matter said.

Hewlett-Packard may announce the plans as early as today, said the people, who asked not to be identified before a statement. The Palo Alto, California-based company is scheduled to report quarterly earnings today after markets close.

Largest computer-maker by unit sales, not by profit. And that’s the problem.

(No word on whether Palm/WebOS would be included in the spun-off PC business.)

Thursday, 18 August 2011