Former CEO Leo Apotheker’s plan to spin-off the personal computer unit of computing giant Hewlett Packard may be abandoned due to its projected costs outweighing any potential benefits to be derived from the sale. HP is reportedly under pressure from its friends in manufacturing to keep the personal computing division within the company which is […]
Read MoreHewlett Packard’s stock price has dropped some 20% today in a dramatic reaction to the company’s earnings and spin-off proposals yesterday, approaching a six-year low and drawing into question the strategic calculation that went into the proposal to dump Palm, TouchPad, WebOS and consumer-side PCs. The last time HP’s stock price did so poorly was […]
Read MoreRemember PDAs? Maybe I’m dating myself, but the original market innovator, Palm, after being acquired in 2009 for approximately $2 billion by HP, is now a defunct concern. As news broke yesterday of HP’s spin-off of its consumer PC business and its cessation of Palm, WebOS and TouchPad endeavors, it quickly became clear that 1) […]
Read MoreIn a pretty monumental development for tech-nerds today, HP is dropping its WebOS and Touchpad as well as spinning off its consumer PC business. If you will recall, HP purchased the then nearly defunct Palm for its WebOS to try and craft it into an alternative platform to Android and iOS. Apparently, they think it’s […]
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