No more HP laptops, Tablets, or mobile devices. This according to CEO Leo Apotheker who makes the most dramatic shift in the company’s focus in its 72 year history. All of this seems inline with what IBM did with its computing division years ago. Does this mean a spin off of HP back to Compaq or an entirely new brand? Only time will tell but one thing is for sure. HP is taking its company in new directions.
SAN FRANCISCO (AP) — In a dramatic reshuffling, Hewlett-Packard Co. said Thursday that it will end its tablet computer and smartphone products and may sell or spin off its PC division, bowing out of the consumer businesses.
It’s one of the most dramatic makeovers in the company’s 72-year history and signals new CEO Leo Apotheker’s most transparent move to date to make HP look more like longtime rival IBM Corp.
A decade ago, HP emerged from a bitter fight to spend more than $24 billion on Compaq Computer, setting the stage for HP to become the world’s No. 1 maker of personal computers. Now, three CEOs later, HP is changing course — hard.
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