Feeds

HP discussed divorce

"It's not you, it's me..."

  • alert
  • submit to reddit

Boost IT visibility and business value

HP's board have discussed splitting up the company on three separate occasions, Carly Fiorina, CEO, revealed yesterday. She told a meeting of financial analysts: "The board looked at this analytically and dispassionately and in detail three separate times...and each time the board...came to the same, unanimous conclusion," Reuters reports.

Fiorina made the disclosure in response to a question from Merrill Lynch analyst Steven Milunovich who has repeatedly called for the firm to be split up. HP's printer business deliver the lion's share of group profits. Plagued by uneven recent financial performance HP has been under pressure from investors for some time. Some observers also believe separating its consumer and business divisions would improve profitability.

Fiorina warned that such a process would incur "real costs" and take years to achieve. She pointed out that HP's spin-off of Agilent in 1999, which raised $2bn was only finally completed three months ago. ®

Related stories

HP redeems pride with strong Q4
Compaq's servers save HP from enterprise sales hell
Fiorina: HP's SAP disaster under control

Maximizing your infrastructure through virtualization

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.