HP splits in two

HP splits in two

The famous US technology company HP has decided to split in two separate entities in an attempt to improve its business activities. According to HP, the division will allow better specialization and results in each area served.

The decision is final and now official. It will create two new companies with the first one called Hewlett-Packard Enterprise, which will offer servers, cloud and data storage services, network equipment, software development and various IT services. This is the company that will also develop the OpenStack Helion cloud service. The second company is called HP Inc. It will keep the current HP logo and will release personal computers and printers.

The division requires some administrative changes too and here they are – Meg Whitman, who is President and CEO of HP and Cathie Lesjak, who is CFO of HP, will keep their positions in Hewlett-Packard Enterprise. Meg Whitman will also become a member of the Board of Directors of HP Enterprise, while Pat Russo will become Chairman of the Board of Directors of HP Enterprise. As to HP Inc., Dion Weisler will become President and CEO, while Whitman will be Chairman of Board of Directors with no executive power.

Shareholders of HP will get shares of both HP Inc. and Hewlett-Packard Enterprise. The division is expected to come to a successful end by the end of fiscal year 2015.

Source: HP

Related posts

Final Fantasy VII to be re-released for PC

A really long time ago in 1998 a game was released that made history in the world of gaming. Of course we are talking about Final Fantasy VII – a game first released for the Sony PlayStation and later making its way to PCs. The game was exceptional in that for the first time in the series it...

GFXBench lists LG G4 Pro specs

GFXBench lists LG G4 Pro specs

The popular GFXBench software program has been created to test smartphones but this software also has a secondary role – it often becomes a source of various leaks. This time the victim is the upcoming LG G4 Pro smartphone – an improved version of the G4 flagship, which was released earlier this...

Sony unveils Cyber-shot DSC-WX5, DSC-TX9 3D cameras and 14 megapixel DSC-T99

Sony today refreshed its Cyber-shot digital cameras with two new models DSC-TX9 and DSC-WX5,  that are claimed to be "the world’s smallest 3D cameras", capable to capture 3D images with a single lens system using a sweeping motion. Both DSC-WX5 and DSC-TX9 are powered by 12.2 megapixel Exmor...

Leave a comment