HP may begin selling off business units
Unfortunately, some of the units that HP may be interested in selling may be a tad radioactive. A couple of examples that come to mind are the company’s acquisitions of EDS and Autonomy. The latter has garnered more of the news though. Autonomy was acquired by HP in 2011 which resulted in an $8.8 billion writedown in 2012, the transaction now being investigated by the Department of Justice over cooked books by Autonomy. That deal was designed by then-CEO Leo Apotheker before he was fired in late 2011, and the deal closed barely a month after Meg Whitman took the helm.
Consider this the first move in what HP said would be a difficult year ahead. It also sets the environment that we knew about in terms of HP’s plans to compete in the mobile phone segment – that will happen in 2014...we hope.
sources: Bloomberg via BGR
1. MeoCao (unregistered) posted on 02 Jan 2013, 00:04 0 1
It's sad to see HP in this situation, this is the result of failure to see the market trend and lack of focus.
I read a great news about HP that the company is beginning to embrace Linux and lessen reliance on MS which has turned into HP competitor.
2. eharris560 posted on 02 Jan 2013, 01:42 0 2
MS is not going to be a competitor to any hardware maker. Why do people continue to suggest this. MS makes software. Yes at times they do make hardware, but only to push their software. Ex the Surface was made because MS felt that OEMs was not pushing tablet design, and wanted nice hardware to showcase the software. If MS becomes a competitor to hardware is will be out of necessity.