HP plans to exit PC business and drop webOS devices

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Palo Alto, Calif.—HP announced Thursday that it is exploring plans to exit the PC business and will discontinue operations for webOS devices including tablet computers and smartphones. In a statement, HP said its board has approved a plan to explore “strategic alternatives” for its Personal Systems Group (PSG), which makes PCs, through a spinoff or other transaction, in order to focus on higher-profit areas such as software, services and storage. “As we explore alternatives for PSG, we will be focused on a path that not only enhances value for HP shareholders but also provides greater opportunities for our people, businesses, partners and customers,” said Leo Apotheker, HP's president-CEO, in a statement. HP also announced plans to acquire Autonomy Group, a Cambridge, England, enterprise software company, in a deal valued at roughly $10.3 billion.
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