Breaking
HP to announce spin-out of PC business during tonight’s earnings call, report claims
By: Zach Epstein | Aug 18th, 2011 at 12:30PM
Hewlett-Packard will announce on Thursday evening that it is separating its PC division into a new, separate company, Bloomberg reported on Thursday. HP, the world’s No. 1 PC vendor, will announce that it has acquired software giant Autonomy Corp. and its PC hardware business will be spun out into its own business. According to Bloomberg, HP may have spent approximately $10 billion on Autonomy. HP is scheduled to report its second-quarter earnings following market close on Thursday.
Zach Epstein
Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.
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