No more PCs for HP… is this the future?

August 31, 2011 by Chad Faith | Leave a Comment
Filed Under Company News

No more PC from HPIt seems that last week’s rumors about HP are true, the company being on the verge of the biggest restructuring in its history. And besides giving up on the WebOS, which was inevitable, HP really wants to get rid of the PC division, despite the fact that it is the number one notebook brand boasting the biggest sells and revenues that are constantly increasing.

Firstly, HP doesn’t want anything to do with hardware in general and as a result, everything will pass in a subsidiary that can be more easily sold to the highest bidder. They didn’t achieve success with neither their digital cameras nor with their phones. And now they also want to stop the production of PCs because they have small profit margins and the future doesn’t look too bright due to the present declining sales. So they decided to escape while they can.  Furthermore, HP wants to focus on software management and data analysis, required for large companies, where is some big money to gain with a profit between 43% and 87%. Thus, HP will acquire the British company Autonomy at a price of $10.3 billion. The transaction will be completed by the end of 2011.

The solution found by HP certainly seems bizarre. And even though the HP officials believe that the restructuring of the company is a good decision for the future, on a short term it only brought trouble. Following their announcement, HP’s shares immediately fell by about 30% from $32.49 to $23.45.

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