HP to combine printer, PC divisions

HP logoHewlett-Packard Co. is combining its printing and PC units to save money, according to published reports.

The technology blog AllThingsD first reported the restructuring plan Tuesday citing anonymous sources. HP would not comment.

The move comes at a time when sales of printers and ink, once HP's lifeblood, are falling amid declining demand and growing competition. HP is the world's No. 1 maker of personal computers. But PC sales are hurting, too, as people turn their attention to tablets and smartphones.

Aside from external factors, Hewlett-Packard also faces internal problems, something CEO Meg Whitman acknowledged in a February conference call.

"We didn't make the investments we should have during the past few years to stay ahead of customer expectations and market trends," she told analysts after HP reported lower earnings and revenue. "As a result, we see eroding revenue and profits today."

Whitman became HP's CEO in September, replacing Leo Apotheker, who served just 11 months before he was ousted. Whitman is the company's third chief executive in less than three years.

Apotheker had announced that HP was looking to sell or spin off its PC division, but under Whitman's guidance the company said it will keep the unit.

HP said last month that it plans to spend several years turning itself around. The expected combination of its PCs and printer units is part of that plan, and will likely lead to job cuts and cost savings, according to reports. Together, the two units made up about half of HP's $30 billion revenue in the first quarter.

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

 
Apple co-founder Steve Jobs was famously resistant to the idea of including a stylus with the iPhone
 
Is there a way to turn off the iPhone or iPad that doesn't require a button?
 
The introduction of video advertising follows Microsoft's decision to allow LinkedIn users to upload video
 
Quick test proves fast charging isn’t as fast as promised
 
Amazon has tapped Taiwan-based Makalot Industrial Co. to make apparel for its sportswear line
 
Microsoft moves the controls to the Settings app
 
 
With the head of Samsung Group facing prison time, CEO calls for company to "start anew"
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
1234567
891011121314
15161718192021
22232425262728
293031    




Poll

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