HP Pressured to Sell PC Business After IBM Deal

Posted on Thursday, December 09 2004 @ 17:17 CET by Thomas De Maesschalck
Hewlett-Packard Co. (HPQ.N: Quote, Profile, Research) will be under pressure to sell its personal computer business after IBM's decision to sell its PC operations to China's top PC manufacturer, but analysts said the No. 2 computer maker would hold on to its $25 billion PC division for now.

"HP is now on the spot to show why their PC business is a strategic part of the company," said Martin Reynolds, analyst at Gartner Research.

Read more at Reuters

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