Thursday, August 18, 2011

H-P Plans to Spin Off PC Business [and acquire Autonony] - WSJ.com

Big changes expected for HP, which appears to be bringing its IBM business model emulation strategy to full fruition (e.g., moving to services, dumping its PC business, and acquiring mature software companies).  Probably time to update the PC 30th anniversary timeline HP recently co-sponsored.

Hewlett-Packard Co., the world's biggest computer maker, is expected to announce a spinoff of its PC business and is close to a $10 billion deal to acquire U.K. software firm Autonomy Corp., said people familiar with the matter.

H-P may announce its plans as early as Thursday, the people said. The company was expected to report its latest quarterly earnings after the U.S. markets close.

H-P Plans to Spin Off PC Business - WSJ.com

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