HP to keep its Personal Systems Group

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HP to keep its Personal Systems Group

Putting an end to the market buzz of HP selling its PSG, HP has announced to keep its Personal Systems Group (PSG) intact. According to HP, PSG's integration with the company's supply chain, IT and procurement integration functions, and its value from a solutions and brand value standpoint, would make selling it a difficult proposition. The Company also found that the cost to recreate these in a standalone company outweighed any benefits of separation.

Meg Whitman, HP President & CEO said, "It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees."

HP's decision brings to a close the drama that began on Aug 18 when former CEO Leo Apotheker, in the company's third quarter earnings call, revealed that HP was looking at either selling PSG or spinning it off. The move came as a shock to many partners, and reportedly, to some of HP's own executives. For partners, the PSG uncertainty meant facing the prospect of selling products for which no clear future roadmap existed. HP has reportedly been leaning toward a PSG spin-off, but Whitman left open the option of selling the $40.7 billion unit when she took over leadership of the company last month.

Todd Bradley, Executive VP, PSG said, "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. We intend to make the leading PC business in the world even better."


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