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NEW YORK — Hewlett-Packard is splitting itself into two companies, one focused on its personal computer and printing business and another on technology services, such as data storage, servers and software, as it aims to drive profits higher.
The company laid off tens of thousands of people in recent years as sales crumbled, with customers shifting to mobile devices like smartphones and computer tablets. That has drastically curbed demand for HP's desktop and laptop computers, as well as its printers.
The company said Monday that the PC and printer business will use the name HP Inc. The services business will be called Hewlett-Packard Enterprise. Read more...
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