HP, one of the world's leading technology companies, recently announced that it had completed its evaluation of strategic alternatives for its Personal Systems Group (PSG) and decided to keep the unit in the company, says a press release.
Meg Whitman, HP president and CEO said HP earlier objectively evaluated the strategic, financial and operational impact of spinning off PSG. After the analysis they found that keeping PSG within HP is right for customers, shareholders and for employees.
After the review analysis the HP board of directors is also confident that PSG can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP's business.
PSG was the No 1 manufacturer of personal computers (PCs) in the world with revenues totaling $40.7 billion in 2010.
HP hopes PSG will continue to give customers and partners the advantages of product innovation and global scale across the industry's broadest portfolio of PCs, workstations and more.
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