HP is divided into two companies – officially

Oct

6

2014

Computer giant Hewlett-Packard has confirmed its intention to split the company into two parts. The first company, HP Inc, focus on personal computers and printing, and will be engaged in 3D-printing. The second, which will be called Hewlett-Packard Enterprise, will cover the corporate segment, software, infrastructure, services, and finances. After the news the company’s shares rose more than 8 percent.

Meg Whitman will lead the corporate business and will become chairman of the company for the production of computers and printers. Chief Financial Officer Kathy Leszhak continue to manage the HP Enterprise, which will be chaired by Patricia Russo. Executive Director of HP Inc will be Dion Ueysler wrote Re / code.

It should be noted that Hewlett-Packard has long planned to enter the market of three-dimensional printing. In the past, the company has stated that this market is more focused on the corporate segment .

In a press release, HP said that over the past three years the company has strengthened its core business and is prepared to aggressively take advantage of the rapidly changing market. The decision to divide underlines the company’s commitment to its anti-crisis plan. Each newly created company will be freedom, financial independence and flexibility in decision-making, which together will quickly adapt to a constantly changing environment, meeting the needs of both consumers and investors.

The transformation process will be completed by the end of next year.

HP also plans to develop a line of wearable electronics. Earlier it was reported that in the near future the company plans to release a smart watch premium.

Viewing:-561

Tags:

In: A Technology & Gadgets Asked By: [19102 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »


Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]