8. HP Merges PC, Printer Divisions
Faced with slowing printer and PC sales, HP in March combined its Personal Systems Group and Imaging and Printing Group into a single unit, called Printing and Personal Systems. HP said the move would lead to cost savings due to the two units' shared supply chain and distribution networks,and claimed it would "drive innovation" in PCs and printers. HP plans to continue integrating its PC and printer businesses in the coming year and also will be expected to demonstrate the oft-mentioned "synergies" it promised would result from the decision to combine the units.