The Channel logo

News

By | Rik Myslewski 18th August 2011 17:01

HP to 'spinoff PC biz'

$10bn Autonomy buy rumored

Hewlett-Packard is planning to spinoff its PC business, according to Bloomberg.

An HP corporate spokesman declined to comment on the Bloomberg report, and neither would he reveal to us whether the news might be announced during the company's third-quarter earnings call, to be webcast at the close of US markets on Thursday.

Bloomberg also reported that the same "people familiar with the company's plans" said that HP would spend $10bn to acquire enterprise software company Autonomy, with which HP has had a partnership since 2007.

In its most-recent financial quarter, HP – the world's largest computer maker – earned $533m from its Personal Systems Group on revenues of $9.4bn. ®

comment icon Read 21 comments on this article alert Send corrections

Opinion

Privacy image

Frank Jennings

Two working parties, ministers galore... but data transfer law remains in limbo
EMC_Unity_bezel

Chris Evans

It does simplify the hardware setup, whatever it is
A microscopic view of the biometric shark skin. Pic: James Weaver

Chris Mellor

Do something and stop faffing about in the bush league

Kat Hall

International system in general needs greater transparency

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers