HP to spin off its PC business?

Posted on Thursday, August 18 2011 @ 18:36 CEST by Thomas De Maesschalck
Bloomberg heard rumors that HP plans to acquire enterprise software maker Autonomy Corp. for around $10 billion and also that the firm plans to spinoff its PC business. Last quarter HP was world's biggest PC maker with a marketshare of 17.5 percent.
Hewlett-Packard Co. (HPQ), the world’s largest computer maker, is planning to announce the acquisition of Autonomy Corp. for about $10 billion and the spinoff of its personal-computer business, said people familiar with the company’s plans.

The company may announce its plans as early as today, said the people, who asked not to be identified because the plans aren’t yet public. Hewlett-Packard, based in Palo Alto, California, is scheduled to report quarterly earnings today after markets close.

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