Wednesday, October 29, 2014

HP to Split into 2 companies

Press Release: October 06, 2014

HP's home-focused and business divisions have frequently seemed at odds with each other, and apparently the company agrees.

HP Inc. will be the leading personal systems and printing company delivering innovations that will empower people to create, interact and inspire like never before

Strategic step provides each new company with the focus, financial resources and flexibility to adapt quickly to market and customer dynamics while generating long-term value for shareholders.

Hewlett-Packard Enterprise will build upon HP’s leading position in servers, storage, networking, converged systems, services and software as well as its OpenStack Helion cloud platform 

Meg Whitman to be President and Chief Executive Officer of Hewlett-Packard Enterprise; Pat Russo to be Chairman of Hewlett-Packard Enterprise Board 

HP Inc. will be the leading personal systems and printing company with a strong roadmap into the most exciting new technologies like 3D printing and new computing experiences 

Dion Weisler to be President and Chief Executive Officer of HP Inc.; Meg Whitman to be Chairman of the HP Inc. Board 

In other words, The two publicly traded companies will be, consumer-focused PC, tablet, and printing efforts will continue on under the HP banner, while a new company named Hewlett-Packard Enterprise will focus on "enterprise technology infrastructure" and "software and services businesses." Meg Whitman, the current CEO of HP, will take the reins at Hewlett-Packard Enterprise, while Dion Weisler, the company's EVP for Printing and Personal Systems, will lead the new HP.

The company also announced an increase in the number of layoffs for this financial year. It had previously estimated 45,000-50,000 employees would be leaving the company, but that figure has now risen to 55,000.

Confirmation has been announced on HP official site

 http://www8.hp.com/us/en/hp-news/press-release.html?id=1809455&es_p=139949#.VDUSBe8cTIU

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