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

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow
Pure Storage array

Neil McAllister

How the cloud taught Redmond to play by a new set of rules

Features

Pebble Steel
Meet the man who accidentally created the smartwatch hype
No, silly... he was the fall guy for years of Finnish folly
Fraud image