Stoking HP's Innovation Engine

Hewlett-Packard CEO Meg Whitman said the split is destined to produce two faster, more agile and more innovative companies in their respective markets.

"Each of these companies will have strong financial foundations, compelling innovation road maps, sharpened strategic focus and experienced leadership teams," said Whitman in the company's initial registration statement with the SEC. "The separation is intended to, among other things, simplify the organizational structure of each company, facilitating faster decision making. As independent companies, each of Hewlett Packard Enterprise and HP Inc. will be able to focus its capital deployment and investment strategies and implement an appropriate capital structure to meet the needs of its business."

Whitman told partners at The Channel Company's BoB Conference last year she believes they will be able to make more money working with the two independent companies. "I think we are just going to get better and stronger and more important in terms of you growing your business and making money," said Whitman.