NY Times:
The company, considered a foundational institution of Silicon Valley, said in a news release that it intended to divide itself into a company aimed at business technology, including computer servers and data storage equipment, software and services, and a company that sells personal computers and printers.
Both companies will be publicly traded. The business-oriented company will be called Hewlett-Packard Enterprise, while the PC company will be called HP Inc. and will retain the company’s current logo.
It’s tough when you build a business based on products, no matter how innovative, that get commoditized. Innovate or die.
I doubt we’ll see HP Inc. in business, or at least an independent company, in 5 years. I don’t know if US regulators would let Lenovo buy them, so I would be shocked if another Chinese company looking to re-brand itself with instant world-wide cachet doesn’t pick them up. Of course that’s assuming there’s room for a ‘name-brand’ PC in the market after Apple, Lenovo, and Dell.
Wow. iPhones only bend. HP breaks in two!
Ironically enough it’s the enterprise business that is lagging the PC/Printer division. HP Enterprise Services has a negative growth rate and the Personal Devices business is the fastest growing HP division.
The dinosaur blinks, having vaguely registered some sort of pain near its tail.
HP has been broken since they continually kicked Mac users in the groin from the early 1990s onward. And now, they’re selling dying tech to dying industries.
They are last on my list when considering hardware such as printers and scanners.