HP to exit PC business and focus on core company strengths.

HP to exit PC business and focus on core company strengths.

Posted on August 19th, 2011 by admin

 

 

 

HP plans to divest itself from the commodity personal computer market and refocus its efforts on what made the company great initially; corporate software, services, security, storage and networking.

 

 Both founders of HP, Bill Hewlett and Dave Packard, had no interest in low end computing, and Walter Hewlett, a board member and son of co-founder Bill Hewlett, mounted an unsuccessful campaign to block the 2002 acquisition of Compaq Computer Corp., a deal that vaulted Hewlett-Packard to the top of the PC industry.

For an interesting travel through time of HP’s history, follow this link.

http://www8.hp.com/us/en/hp-information/about-hp/history/history.html

See the full story at “Bloomberg News”:

http://www.bloomberg.com/news/2011-08-19/hp-s-pc-spinoff-would-reinvent-company-with-return-to-roots.html