HP Chairman Wants PC Business Spinoff To Carry HP Name


 

Lane's comments echo statements made by HP Executive Vice President of PSG Todd Bradley in an exclusive interview with CRN.

"What is going to happen soon as we complete this process is the largest PC company that is a division of the largest IT company will be a stand-alone, publicly held largest PC company in the world, over $40 billion in revenue, over $2 billion in operating profit, operations in over 170 countries," said Bradley discussing the future of the PC business. "The same people that built that huge division are going to now build an even bigger and better PC company standing on its own."

Lane said that even a month later HP's objectives are still not understood by the industry.

What HP announced is a recognition that the PC business, which Lane described as the packaging Windows on Intel technologies, is very different from HP's enterprise server, storage, networking, services, and software business, Lane said.

"They are very, very different business models," he said. "They move at different velocities. One is pretty much a commodity business, again, packaging Windows, and the other is not a commodity business. And (HP) needs to move more towards the world of information management, which requires software and services."

HP actually announced that it would consider the possibility of spinning its PC division out as a separate company, Lane said.

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