Hewlett-Packard to split company


WSJ: The 75-year-old company will become one part HP Inc., which will consist of its personal-computer and printer business, and Hewlett-Packard Enterprise, which will sell computer gear and services for corporate departments.

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WSJ: The 75-year-old company will become one part HP Inc., which will consist of its personal-computer and printer business, and Hewlett-Packard Enterprise, which will sell computer gear and services for corporate departments.

Each of the companies will be about the same size, with more than $50 billion in annual revenue.

H-P Chief Executive Meg Whitman said Monday that the two companies will be on very different courses. The new HP Inc. will be milked for cash, which will be earmarked for returns to stockholders. The enterprise company, which Ms. Whitman will run, will be operated for growth through a faster pace of investment in new products and through acquisitions, executives said on a conference call with analysts.

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