HP Strips Some Gears With Strategic Shift

Started by ECTNews, Aug 23, 2011, 03:02 PM

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ECTNews

Aug 23, 2011, 03:02 PM
 HP revealed plans for major strategic changes Thursday that would orient the company more directly toward the enterprise market. It's considering a spinoff or sale of its PC division, shuttering development of hardware for webOS devices and cutting its future outlook. The tech company also revealed it's in talks to acquire analytics software company Autonomy, which reports estimate could have a price tag of $10 billion. The company's outlook took a hit; HP reduced that to $127.2 billion to $127.6 billion.

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