HP Not Spinning Off its PC Business

After HP decided to discontinue WebOS and its TouchPad production, it also announced that it would spin off its PC business. But now in a latest move HP has announced that it has decided to keep its PC business running:

“HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping SG within HP is right for customers and partners, right for shareholders, and right for employees,” said CEO Whitman. “HP is committed to PSG, and together we are stronger.”

Meg Whitman took over as CEO HP replacing Leo Apotheker after his short and troubled stint of 11 months only. The initial reaction to her appointment was not very encouraging but looks like she has been working hard to get the company back on track and has finally decided that HP is better off by keeping the Personal Systems Group within HP.

HP is currently the world’s number 1 manufacturer of PCs with its total revenues for the year 2010 being equal to $40.7 billion. Seeing HP wriggle out of the personal computer business was not a happy sight. Now we hope that HP’s decision to stay in business will have fruitful results.

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