Tuesday, October 7, 2014

HP to split in two , HP .inc and Hewlett-Packard Enterprise to go on separate paths

HP was one of the greatest tech icons of the late 20th century ,but in times of change where consumer PC's and Laptop sales plummet in front of mobile devices the company has taken taken drastic measures to stay profitable in the future , so from now on HP will go on two separate paths with one being called HP.Inc - a hardware manufacturer and another Hewlett-Packard enterprise will work on web based solutions such as cloud computing and business /mobile software solutions . HP , which is currently governed by current HP Ceo Meg Whitman will take charge of the enterprise solutions and Dion Weisler will take the helm of HP.Inc .Job cuts are also said to follow the deal with 5000 employees said to receive the pink slip ,the lower employee count did bring HP stock to 5% gain on Monday. The company logo is said to go un changed and will be used by both divisions , current stock holders will also get the benefit of owning shared stock on both companies once they finalize their split .

Written by Rakitha for MasHD

Source - Forbes

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