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Finance

Why Did Hewlett-Packard Split Its Business?

The split was first announced on October 6, 2014, as part of the company’s five-year plan to turn around its business, which has been hit by the emergence of cloud technology and continued softness in PC (personal computer) shipments. HP Inc. will focus on PCs and printers, while Hewlett Packard Enterprise, or HPE, will focus on servers, storage, the cloud, networking, services, and software.

Unlike rival IBM (IBM), which is more focused on software, HPE will focus on hardware. It will face tough competition from the combined entity created from the Dell-EMC (EMC) merger.

View more information: https://marketrealist.com/2015/11/hewlett-packard-split-business/

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See also  https://marketrealist.com/a/blackrock-richard-turnill/

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