HP has officially announced that it will be keeping its PC business after all, despite previous announcements that it was thinking about spinning off that division to become a stand alone business.
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A new report via unnamed sources says that analysts working for HP may decide that the company is better off keeping its PC business rather than spinning it off into a separate company.
HP's new CEO Meg Whitman has said that HP will decide what it wants to do with its massive PC division by the end of October, rather than by the end of the year.
In an email sent to all HP employees, its new CEO Meg Whitman says she wants to hear from team members on how to improve the currently troubled tech and PC company.
HP has confirmed that it has named Meg Whitman as its new CEO and President as the company's previous CEO Leo Apotheker officially steps down from the position.
A new rumor claims that HP's board of directors will meet soon in order to decide whether or not to fire its current CEO Leo Apotheker, with former eBay CEO Meg Whitman as a possible successor.
If and when HP decides to spin-off its massive PC division into its own company, it's possible that the new name for the organization could be HP PC.
A shareholder in HP has sued the the company claiming that HP's management team mislead its investors on its business model and financial situation.
HP has made an unusual move by releasing a newspaper ad explaining its preference to spin-off its PC business while also trying to convince the public that it will still be the number one PC maker.
HP has now indicated that it would prefer to spin off its PC business into its own separate company rather than selling the unit to another company but added that more info is needed.
Samsung has flat out denied rumors that the company is making a play to purchase's HP's PC division but other companies might be interested.