×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

HP to keep PC business

Published on .

Palo Alto, Calif.—HP announced that it will keep its Personal Systems Group (PSG), which makes PCs, following a strategic review. In August, HP said its board had approved a plan to explore “strategic alternatives” for its PSG unit. Former President-CEO Leo Apotheker, who left HP in September, said at the time that HP wanted to pursue higher-value, higher-margin businesses such as cloud-based computing and services. In a statement Thursday, HP's new president-CEO Meg Whitman said, “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.” HP is the leading PC maker in the world, with revenue from this business topping $40 billion last year.
Most Popular
In this article: