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

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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