Bloomberg: HP set to spin off PC division


— 1:50 PM on August 18, 2011

Bloomberg is reporting that HP intends to spin off its PC division. This, according to "people with direct knowledge of the matter," comes as HP negotiates to buy UK software developer Autonomy Corporation for $10 billion.

HP hasn't made an official statement on the matter, so the unexpected news remains unconfirmed. Perhaps we shouldn't be surprised, though.

Chief Executive Officer Leo Apotheker, who took the helm at Hewlett-Packard in November, has said he wants to expand in software and so-called cloud services, which help customers perform computing tasks over the Internet. Hewlett-Packard has been aiming to lessen its dependence on PCs, where growth has stalled as consumers flock to smartphones and tablet-style computers like those made by Apple Inc.

Of course, there's a big difference between lessening dependence and completely spinning off HP's PC division. Interestingly, there's no mention of whether HP's other businesses, such as its lucrative racket charging obscene prices for printer ink, will remain within the fold. Thanks to TR regular 5150 for the tip.

   
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