Tuesday, October 7, 2014

Restructuring: Technology giant Hewlett-Packard is broken – Berliner Morgenpost

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10.07.14, 02:40

Group cleaves PC and printer business from

The technology company Hewlett-Packard (HP) is radically restructured. How the U.S. company announced on Monday, the computer and printer business are bundled into a new company, separate from the more promising areas of computer servers and data storage for companies and other services. Both parts, the date each half contributing to revenue and profit should be listed on the stock exchange.

Investors had been demanding such a move for some time. In the stock market there was a correspondingly good mood: HP shares also rose in premarket US trade by just five per cent to $ 37. The step is also a belated vindication for the German manager Leo Apotheker. He had the favor already in 2011, but it was unable to enforce and was shown the door after a short time at the helm of HP.

The company was established in 1939 founded by Bill Hewlett and Dave Packard in a garage in California and has the legendary reputation of the Silicon Valley significantly influenced. Through the PC boom HP was great. The group still has more than 300,000 employees and will be set on a turnover of around $ 112 billion in the current year to the end of October. Meanwhile, however, dominate more and more mobile devices. Ever since the introduction of Apple iPad, the market is broken for classical computers, even though he recently stabilized at a lower level. In the new world has HP – as well as the turned-remediation case rival Dell – too little to oppose

HP emphasized that unbundling should be completed by the end of fiscal 2015. will. The transaction is tax-free for shareholders. They were involved at the end of the two companies. Last week, eBay had already announced the splitting of the market places from payment processor PayPal. Again, investors had made strong long for such a separation

The argument behind this. Companies are then often performed better, can react focused on the competition and are not as depending on constraints within a large group. The PC and printer area will operate as HP Inc and directed by Dion Weisler, who is already working there as a manager. Group chief Meg Whitman, who was brought to the sacking of Apotheker, will lead to other, faster growing activities under the name of Hewlett-Packard Enterprise. It will also be a director, manager at HP Inc.

  Source: rtr

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