HP Mulling Spinoff or Sale of its Personal Systems Groupby Anand Lal Shimpi on August 18, 2011 4:25 PM EST
Alongside the announcement that it would cease operations on webOS hardware and evaluate its options for webOS software, today HP also revealed that it's considering a full/partial spinoff or sale of its Personal Systems Group (PSG). HP's PSG is responsible for all PCs both business and consumer, desktop and mobile.
Why spinoff the division? Client PCs aren't extremely high margin and the business is extremely competitive. HP appears to want to focus on growth in the enterprise space.
Source: Yahoo Finance