HP has amended its previous decision of spinning off the Personal Systems Group (PSG). HP “completed its evaluation of strategic alternatives” and came to the conclusion that the PSG unit will remain a part of this company.
HP’s strategic review ruled that the PSG contributed heavily to HP’s portfolio and brand value and separating it as a standalone company was less beneficial than the overall benefits.
“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,” said Meg Whitman, HP president and chief executive officer.
Earlier last month, HP had announced to spin off the Personal Systems Group in order to concentrate more on the enterprise business.
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