“HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” said Meg Whitman, HP president and chief executive officer. “HP is committed to PSG, and together we are stronger.” The strategic review involved subject matter experts from across the businesses and functions. The data-driven evaluation revealed the depth of the integration that has occurred across key operations such as supply chain, IT and procurement. It also detailed the significant extent to which PSG contributes to HP’s solutions portfolio and overall brand value. Finally, it also showed that the cost to recreate these in a standalone company outweighed any benefits of separation. The outcome of this exercise reaffirms HP’s model and the value for its customers and shareholders. PSG is a key component of HP’s strategy to deliver higher value, lasting relationships with consumers, small- and medium-sized businesses and enterprise customers. The HP board of directors is confident that PSG can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP’s business. HP undertook a strategic review and concluded that its PSG unit contributes a “significant extent” to HP’s solutions portfolio and overall brand value. “As part of HP, PSG will continue to give customers and partners the advantages of product innovation and global scale across the industry’s broadest portfolio of PCs, workstations and more,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “We intend to make the leading PC business in the world even better.” You can read the press release here. HP is still reeling from killing off it’s largely unsuccessful HP Touchpad and then being surprised when they saw a massive amount of demand for the device at a reduced pricepoint. The company’s stumbles in large part led to the change in CEOs and the ascent of Meg Whitman. It is widely expected and aniticipated that with Meg Whitman at the helm, HP will work closely with Microsoft to develop Windows 8 computers and tablets next year.]]>
