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HP selling off it's hardware division (printers?)

Discussion in 'Hewlett Packard' started by artbot, Aug 19, 2011.

  1. artbot

    artbot Very Active Member

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  2. CheapVehicleWrap

    CheapVehicleWrap Very Active Member

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    Wow.
     
  3. GypsyGraphics

    GypsyGraphics Major Contributor

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    HP has wanted out of the consumer market for years. it's likely instead of selling off the pc and printer end of the business... it may just be spun off into a new company.

    HP stocks tanked today... there stock is down to $23.
    sitting on a bunch of worthless stock options... ugh!
     
  4. HP Stocks Dropped 23 points today!

    Never trusted them anyway.




    Sign Up!
     
  5. Fred Weiss

    Fred Weiss Merchant Member

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  6. GypsyGraphics

    GypsyGraphics Major Contributor

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    HP was a great company before Carly Fiorina and the acquisition of Compaq.
     
  7. GypsyGraphics

    GypsyGraphics Major Contributor

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    PC's are part of the PSG group (personal systems group)
    Printers are part of the IPG group (imaging & printing group)

    it's currently only the PSG group that's going to be spun off or sold
     
  8. nate

    nate Merchant Member

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    The news release clearly states it does NOT include anything other than consumer PCs

    http://www.hp.com/hpinfo/newsroom/press/2011/110818xb.html?mtxs=rss-corp-news

    "A post-transaction HP would continue to help its customers manage the information explosion and address their most critical needs through a portfolio that spans printing, software, services, servers, storage and networking"
     
  9. CheapVehicleWrap

    CheapVehicleWrap Very Active Member

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    Compaq had decent laptops until the acquisition too.
     
  10. GypsyGraphics

    GypsyGraphics Major Contributor

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    when HP acquired Compaq, the products were not merged to create a new PC. the HP line was dropped and all HP employees connected to that line (mostly in Roseville CA) were fired on the spot. The Compaq employees remained in tack, never leaving their offices in Huston. For years within HP legacy HP employees were refereed to as "blue" and legacy Compaq employees were "red." The entire PC line was considered "red" there was no purple.

    HP artificially maintained two brands, because stores like Best Buy, wanted the perception of competition their shelves, the top three being Compaq, HP and Sony.
     
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