HP chair favors 'HP PC' in name of spin-off--report

HP logoEarlier this week, Hewlett-Packard Chairman Ray Lane said to a trade publication that he favors using "HP" in the name of a spun off PC business. He also explained that investors don't necessarily like innovation.

In a CRN interview, Lane said he's "lobbying, and I don't have to lobby very hard" to call it the "HP PC Business. Call it HP." It would be a "sister company" like Agilent, which HP spun off in 1999, he said to CRN.

Lane also re-emphasized that a final decision has not yet been made. "If...we can't offer a better proposition to customers and investors...it stays inside HP."

Lane also told the publication that "everybody assumes" that investors want a technology company to innovate. "But there are a lot of investors that don't want that. A lot of investors are in HP for the cash flows, in HP for the returns of those cash flows to stockholders, and actually don't like big innovative steps."

He also told CRN that the PC business is "pretty much a commodity business...packaging Windows"--what the article further explained as "packaging Windows on Intel technologies." Lane also reiterated that the PC business produces huge cash flows but low profitability.

Last month, HP announced its intention to "evaluate strategic alternatives" for its PC business when it released earnings. At that time, it also shut down its WebOS-related hardware business, which included the TouchPad tablet.

HP is the world's largest PC maker, with revenues of $40.1 billion in the most recent fiscal year.

Source: CNET

Tags: HP

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)