HP to Get Out of the PC Business?

by Reads (15,389)

Yesterday, HP shocked the Internet with a couple of surprising new announcements. It had been rumored that the TouchPad and Pre 3 mobile devices had encountered surprising resistance, with Best Buy reportedly asking the company to take back 200,000 unsold units. Ridding itself of its PC business, though? No one saw that coming.

It wouldn’t be the first time a major manufacturer got out of the PC business. After all, IBM made a name for itself with the ThinkPad and ThinkCentre notebooks and desktops, then sold off the names to Chinese computer giant Lenovo. Granted, Lenovo had been producing the products for IBM, but the point stands.

AMD, too, divested its manufacturing assets by spinning off its chip fabrication lines into an entirely new company. That company, now called Global Foundaries, produces chips for a number of companies other than AMD, remaining more nimble than the company could have achieved before.

Could the same thing happen with HP? Only time will tell. CEO Leo Apotheker backed off of the idea, suggesting that the company was “looking into it” as well as many other options. The markets, at least, certainly did not like the idea, shredding HP stock by 20% by the close of markets.

via DesktopReview



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