Original URL: http://www.theregister.co.uk/2011/08/18/hp_spinoff_of_pc_business/
HP to 'spinoff PC biz'
$10bn Autonomy buy rumored
Posted in Hardware, 18th August 2011 17:01 GMT
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Hewlett-Packard is planning to spinoff its PC business, according to Bloomberg [1].
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 [2] 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 [3] since 2007.
In its most-recent financial quarter [4], HP – the world's largest computer maker – earned $533m from its Personal Systems Group on revenues of $9.4bn. ®
Links
- http://www.bloomberg.com/news/2011-08-18/hp-said-to-be-near-10-billion-autonomy-takeover-spinoff-of-pc-business.html
- http://h30261.www3.hp.com/phoenix.zhtml?c=71087&p=irol-newsArticle&ID=1593579&highlight=
- http://www.autonomy.com/content/News/Releases/2007/0403b.en.html
- http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9OTQwMzN8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1