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Ray Lane, chairman of Hewlett-Packard, said HP's PC business will likely be spun out as a separate company and that he is lobbying for it to carry on the HP brand.
"(It's) the largest, most profitable (PC) business in the world," he said in comments made at the InformationWeek 500 conference this week in Dana Point, Calif. "I am lobbying, and I don't have to lobby very hard, to call it the HP PC Business. Call it HP. It will be a sister company. Just like Agilent was a very close company with HP when we spun it out. That was very good for customers. It was very good for shareholders. Agilent was a better business once spun off, because it was a very different business from what the rest of HP was doing."
However, Lane said, nothing has been finalized. "If we don't make that decision, it's because of two things: We can't offer a better proposition to customers and investors," he said. "If we can't, it stays inside HP."
Lane also admitted that HP did a poor job of communicating its goals for restructuring its Personal Systems Group (PSG), which includes HP's PC business and would be the actual organization spun out.
Lane made his comments in response to questions from Fritz Nelson, senior vice president and editorial director of InformationWeek. InformationWeek is a sister publication of CRN.
Lane's comments come in the wake of last month's announcement by HP that it is considering options for PSG, including the possibility of spinning it out as a separate company.
Lane said that in his view, HP's PC business will be better as a separate business.
NEXT: HP Partners Wants PC Spinoff To Keep The HP Brand
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