HP’s new CEO Meg Whitman is in damage control mode and came to the conclusion that getting rid of the PC business does not make much sense.
“HP objectively evaluated the strategic, financial and operational impact of spinning off [the Personal Systems Group],” Whitman was quoted in a press release.
“It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” Whitman said. Of course, HP was about the only place on this earth that suggested that spinning off PSG could be a good idea and HP was about the only place who could have thought it would need a “data driven” evaluation to decide against that idea. The money that went into this evaluation may have been better invested in finding a new opportunity for WebOS. Next time HP could simply ask someone outside the company.
The winner of this decision is Todd Bradley, whose future is almost as often discussed as the ;likely firing of Steve Ballmer. Bradley, who reportedly was not too happy that he did not get the CEO post at HP, will now remain in charge of the PSG. “As part of HP, 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,” Bradley said in a prepared statement. “We intend to make the leading PC business in the world even better.”
Smart move, HP.
Kurt Bakke in Business on October 27
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