ShyWriter Posted October 28, 2011 ID:489659 Share Posted October 28, 2011 .October 27, 2011 04:00 PM Eastern Daylight Time HP to Keep PC Division Continued combination of HP and its Personal Systems Group expected to deliver greater customer and shareholder value PALO ALTO, Calif.--(BUSINESS WIRE)--HP (NYSE:HPQ) today announced that it has completed its evaluation of strategic alternatives for its Personal Systems Group (PSG) and has decided the unit will remain part of the company. “We intend to make the leading PC business in the world even better.” “HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” said Meg Whitman, HP president and chief executive officer. “HP is committed to PSG, and together we are stronger.” The strategic review involved subject matter experts from across the businesses and functions. The data-driven evaluation revealed the depth of the integration that has occurred across key operations such as supply chain, IT and procurement. It also detailed the significant extent to which PSG contributes to HP’s solutions portfolio and overall brand value. Finally, it also showed that the cost to recreate these in a standalone company outweighed any benefits of separation. The outcome of this exercise reaffirms HP’s model and the value for its customers and shareholders. PSG is a key component of HP’s strategy to deliver higher value, lasting relationships with consumers, small- and medium-sized businesses and enterprise customers. The HP board of directors is confident that PSG can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP’s business. PSG has a history of innovation and technological leadership as well as an established record of industry-leading profitability. It is the No. 1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010. “As part of HP, PSG will continue to give customers and partners the advantages of product innovation and global scale across the industry’s broadest portfolio of PCs, workstations and more,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “We intend to make the leading PC business in the world even better.” More information is available at www.hp.com/investor/PSG-Decision. About HP HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP is available at http://www.hp.com. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations, including execution of growth strategies, transformation initiatives and restructuring plans; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; integration and other risks associated with business combination and investment transactions; the hiring and retention of key employees; expectations and assumptions relating to the execution and timing of growth strategies, transformation initiatives and restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2011 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements. © 2011 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein. Source: http://www.businessw.../HP-PC-Division--ENDShy Link to post Share on other sites More sharing options...
ShyWriter Posted October 28, 2011 Author ID:489682 Share Posted October 28, 2011 Well; I guess I can buy my new computer after all.. How many days left to Black Friday and the super deals?? Steve Link to post Share on other sites More sharing options...
GT500 Posted October 28, 2011 ID:489733 Share Posted October 28, 2011 Well; I guess I can buy my new computer after all.. How many days left to Black Friday and the super deals?? Buy? A computer? People do that? Link to post Share on other sites More sharing options...
ShyWriter Posted October 28, 2011 Author ID:489739 Share Posted October 28, 2011 Buy? A computer? People do that?Old geezers like me with lost manual dexterity and failing eyesight do. I worked in electronics/electro-mechnical areas for 40+ years but I can't see diddly (or "Bo" ) and my fingers and hands drop more stuff than I hang onto these days. You smartypant youngster, you.. Steve..Mind like a rusted steel trap.. and ne'er a dropof WD40 in sight. Link to post Share on other sites More sharing options...
Root Admin AdvancedSetup Posted October 28, 2011 Root Admin ID:489752 Share Posted October 28, 2011 Mind like a steel trap - once it closes nothing gets in Link to post Share on other sites More sharing options...
ShyWriter Posted October 29, 2011 Author ID:489803 Share Posted October 29, 2011 Mind like a steel trap - once it closes nothing gets in Funny guy.. A closed mind is one thing I've never been accused of... You and Arthur make a great team.. Who's sitting on who's knee and who's throwing their voice?? Steve Link to post Share on other sites More sharing options...
Root Admin AdvancedSetup Posted October 29, 2011 Root Admin ID:489805 Share Posted October 29, 2011 ROFL - Just trying to help out here gramps - hehe. Don't lose your tootsie pop over it. Link to post Share on other sites More sharing options...
ShyWriter Posted October 29, 2011 Author ID:489814 Share Posted October 29, 2011 ROFL - Just trying to help out here gramps - hehe. Don't lose your tootsie pop over it.*wry grin*I actually had to give up on my Tootsie Roll Pops after I broke a 3rd tooth on "too much of a hurry to get to the center before the candy shell softened." Between that and Jordan Candied Almonds (more broken teeth) we're talking $6500 worth of caps. :blush: Never said I was the brightest bulb on the string; just NOT the dimmest.. Steve.. Link to post Share on other sites More sharing options...
GT500 Posted October 29, 2011 ID:489853 Share Posted October 29, 2011 Mind like a steel trap - once it closes nothing gets in Are you sure it isn't rusted open? It sure does leak a lot. Link to post Share on other sites More sharing options...
ShyWriter Posted October 29, 2011 Author ID:489943 Share Posted October 29, 2011 Are you sure it isn't rusted open? It sure does leak a lot. Pphhhhbbbblllliiiittttttttttttttttttttttttttt... (raspberries) Link to post Share on other sites More sharing options...
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