HP TO MERGE PRINTER & PC UNITS

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HP TO MERGE PRINTER & PC UNITS

 user 2009-10-02 at 2:08:47 pm Views: 70
  • #22780
    http://portland.bizjournals.com/portland/stories/2009/09/28/daily26.html
    HP TO MERGE PRINTER & PC UNITS
    Hewlett-Packard
    Co. plans to combine its printer and personal computer units under the
    head of its PC business, former Palm Inc. CEO Todd Bradley, according
    to a Wall Street Journal report.The Journal cited unnamed “people
    familiar with the situation” who said details and a date haven’t been
    finalized but the plan awaits CEO Mark Hurd’s final approval.It isn’t
    clear what the move will mean for Vyomesh “V.J.” Joshi, the boss of the
    printer business.

    The move would mark a reversal in the roles of
    the two units since Hurd took over as CEO four years ago. At that time
    HP got 70 percent of its profit from the printer business and only 5
    percent from PCs. Now printer growth has slowed and HP has become the
    world’s biggest computer maker by shipments.

    It also reverses
    one of Hurd’s first moves as CEO. His predecessor, Carly Fiorina had
    merged the two units previously in an effort to get the PC side moving.
    Hurd split them when he brought in Bradley to run the PC business.It
    its most recent quarter ended July 31, HP said PCs brought in $8.43
    billion in revenue and $386 million in earnings — about 12 percent of
    total profits. Printer and ink sales accounted for $5.66 billion in
    revenue and $960 million in earnings — 30 percent of HP’s profits for
    the quarter.HP has major operations in Corvallis and Vancouver, Wash.