HP to become HP Inc. and Hewlett-Packard Enterprise
HP is a mammoth, $120B+ company covering two primary product areas:
- Enterprise servers, Storage Area Networks, Cloud, software, and services
- PCs and printers
By the end of 2015, it will become two separate companies that will follow these respective product areas: Hewlett-Packard Enterprise and HP Inc. Both companies will exceed $55B in revenue; both will be fully autonomous from one another, but will always share a common history. Current CEO, Meg Whitman, will head Hewlett-Packard Enterprise; Dion Weisler, executive VP of HP’s printing and personal systems group, will run HP Inc.
For details, visit the Computer Technology Review article: “HP splits into two public companies to better adapt to changing market and customer dynamics”. Also, see Maggie McGrath’s article in Forbes titled: “Hewlett-Packard confirms plans to split into two, cut an additional 5,000 jobs”.