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July 11, 2020 
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HP dismisses rumors regarding sale of PC unit to Samsung

Posted on Friday, March 11 2011 @ 18:57:06 CET by

Yesterday a rumor was spreading that HP is considering to sell its PC business to Samsung:
The largest global notebook brand vendor Hewlett-Packard (HP) is reportedly considering selling its PC business with Korea-based Samsung Electronics the most likely buyer, according to a Chinese-language Commercial Times report.

However, Digitimes sources from the upstream component industry pointed out that the rumors have been circulating around Taiwan's IT market since the fourth quarter of 2010, but the deal was called off due to an unknown reason, and there has not been any follow up since then. HP also declined to comment about the rumors.
But shortly afterwards HP send out a press release to dismiss the news:
PALO ALTO, Calif., March 10, 2011

HP today issued the following statement by Bill Wohl, HP senior vice president and chief communications officer:

"Irresponsible reporting by Taiwan's Commercial Times, suggesting that HP might sell its PC business, should be dismissed as market rumor and speculation. HP runs the world's largest PC business and it is core to HP’s strategy for the connected world."



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