Friday, October 14, 2011

HP Reportedly Rethinking PC Spin-Off

Hewlett-Packard (NYSE:HPQ) is reportedly rethinking its plan to spin-off its personal computer unit, according to a report in the Wall Street Journal.

The newspaper said new analysis by HP and its advisers shows the cost of spinning off the unit might outweigh the benefits.

According to the Journal, new CEO Meg Whitman is still looking at the numbers, and has not made a final decision. The paper noted that Whitman has said she would like to make a final decision by the end of the month.

Whitman was formerly CEO of eBay (NASDAQ:EBAY), and took the helm of HP just weeks ago, after CEO Leo Apotheker was ousted after less than a year.

For MarketNewsVideo.com, I'm Kristin Bianco.

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