Ray7

Oct 27, 2011 at 1:22 PM

Spin off/sell off/close down has been called off. Everyone carry on, move along now
dentaku

Oct 27, 2011 at 1:45 PM

The whole situation was just stupid anyway.
ManipUni

Oct 27, 2011 at 2:31 PM

FIRE EVERYONE
Charles Welcome Change

Oct 27, 2011 at 2:56 PM

Thanks, "Windows 8"!!
C
AndyC

Oct 27, 2011 at 3:18 PM

The trouble is it's all a bit too late. How can anyone have much faith in HP's forthcoming strategy when they've so amply demonstrated a complete lack of understanding of what they're doing at the executive level.
I hope they sort themselves out, because they make some pretty good kit. Don't think they'd be the company I'd be putting my money in at the moment though.
Richard.Hein Stay on Target

Oct 27, 2011 at 3:19 PM

Sheesh, that's one of the biggest flip-flops I've seen in the biz.
ScanIAm Edgar Allen Potato.

Oct 27, 2011 at 3:58 PM

Corporations are people and HP has a touch of the bi-polar...
evildictaitor strcpy(malloc(4), "Oh noes!");

Oct 27, 2011 at 4:17 PM

The plan to sell PSG was part of Mr Apotheker's strategy to refocus HP on software and cloud services.
But within months of being appointed in November last year, shareholders and analysts became uneasy about his planned changes and subsequent acquisition of the UK software company Autonomy.
HP shares fell 20% the day after Mr Apotheker announced the possible spin-off of the PC arm, and lost 40% of their value during his tenure.
Shares in the company rose 4.8% on Thursday.

So basically they got a new chief who thought "who needs a PC when you need a CLOUD! ZOMG!" - the investors panicked because he was basically selling the only thing that HP has which is profitable outside of consultancy, so the board fired him and then they reversed his stupid idea to sell off their future.
JoshRoss :::METRO:::

Oct 27, 2011 at 6:11 PM

What will they think of next‽
-Josh
elmer I'm on my very last life.

Oct 27, 2011 at 6:57 PM

@evildictaitor: The PC division is profitable? I didn't realise that. I thought they were a division of large revenue, much busy-work, a lot of fanfare, but little actual profit.
The server, storage, printing (including ink/toner) divisions I believe are quite profitable.
magicalclick remember the flow

Oct 27, 2011 at 9:41 PM

Huh??? HP was trying to stop PC division? I didn't hear them saying that. All I know is they wanted to end Palm.
Ray7

Oct 28, 2011 at 12:32 AM

5 hours ago, elmer wrote
@evildictaitor: The PC division is profitable? I didn't realise that. I thought they were a division of large revenue, much busy-work, a lot of fanfare, but little actual profit.
The server, storage, printing (including ink/toner) divisions I believe are quite profitable.
Apparently it's one of HP's biggest revenue generators, but by the time they'd paid for manufacturing and licenses the profits are quite small. Whereas the the ink/toner division is more or less printing money.
Still, it's not just a question of profit. When you cut and run like that, it sends a worrying message to customers of the other divisions.
Ray7

Oct 28, 2011 at 12:39 AM

2 hours ago, magicalclick wrote
Huh??? HP was trying to stop PC division? I didn't hear them saying that.
Then you missed a real treat.
Ray7

Oct 28, 2011 at 12:55 AM

And an interesting look at the whole sorry mess from the BBC.
magicalclick remember the flow

Oct 28, 2011 at 3:57 PM

15 hours ago, Ray7 wrote
*snip*
Then you missed a real treat.

I am sorry. Can you help me locate the quote of the statement? For some odd reason, I cannot see any quote that says they wanted to end PC division.
DCMonkey What?!?

Oct 28, 2011 at 4:17 PM

19 minutes ago, magicalclick wrote
*snip*
I am sorry. Can you help me locate the quote of the statement? For some odd reason, I cannot see any quote that says they wanted to end PC division.
"HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction."
-- http://www.hp.com/hpinfo/newsroom/press/2011/110818b.html
magicalclick remember the flow

Oct 28, 2011 at 4:24 PM

2 minutes ago, DCMonkey wrote
*snip*
"HP also reported that it plans to announce that its board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction."
-- http://www.hp.com/hpinfo/newsroom/press/2011/110818b.html
I maybe too dumb, but, I still don't see the relation. Nor I am able to see this as an exact quote from the hp official source.
DCMonkey What?!?

Oct 28, 2011 at 4:37 PM

8 minutes ago, magicalclick wrote
*snip*
I maybe too dumb, but, I still don't see the relation. Nor I am able to see this as an exact quote from the hp official source.
"...full or partial separation of PSG from HP through a spin-off or other transaction"
It's from HP's press room FFS.

HP changes its mind: will keep the PC division

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