Hewlett-Packard plans to break into two separate publicly...
Hewlett-Packard plans to break into two separate publicly traded companies, splitting its PC and printer businesses from the enterprise segment, it said Monday in a news release (http://bit.ly/Z915ZF). Under the plan, HP President Meg Whitman will be CEO of Hewlett-Packard…
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Enterprise, which will comprise servers, storage, networking, converged systems, services and software, along with the OpenStack Helion cloud platform. Dion Weisler will be president and CEO of HP Inc., overseeing the personal systems and printing businesses, it said. The split is expected to be final by the end of fiscal 2015 -- Oct. 30 2015, and current HP shareholders will own shares of both companies, said the release. HP Inc. will invest in growth markets including 3D printing and “new computing experiences,” HP said. Weisler called the announcement “a defining moment in our industry as customers are looking for innovation to enable workforces that are more mobile, connected and productive while at the same time allowing a seamless experience across work and play."