Local News

Hewlett-Packard Splits Into 2 Companies

/ CBS Texas

Follow CBSDFW.COM: Facebook | Twitter

NEW YORK (AP) - Hewlett-Packard Co. is splitting itself into two companies, one focused on its personal computer and printing business and another on technology services, such as data storage, servers and software, as it aims to drive stronger profitability.

The Palo Alto, California-based company has laid off tens of thousands of employees in recent years due to flagging sales as customers turn to mobile devices to perform basic computing chores. The shift has curbed demand for HP's desktop and laptop computers, as well as its printers.

The company says the PC and printer business will use the name HP Inc. The services business will take the name Hewlett-Packard Enterprise.

HP CEO Meg Whitman will lead the Enterprise business. HP PC and printer chief Dion Weisler will be CEO of HP Inc.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

© 2014 CBS Broadcasting Inc. All Rights Reserved.

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.