Report: HP to split into two companies, one focused on PCs/printers and one on enterprise computing

Smart move!

Gigaom

Hewlett Packard plans to split into two companies on Monday, according to a report in The Wall Street Journal. One company will be focused on enterprise computing and services, and the other will build and sell PCs and printers.

Current HP CEO Meg Whitman will lead the enterprise-focused version of HP (it’s not clear who gets to keep the iconic name) and will be chairman of the PC/printer company, which will be led by Dion Weisler as CEO. Details are still fuzzy as to how this will all work, but WSJ reported that HP plans to announce the move on Monday.

HP is perhaps the seminal Silicon Valley company, with a rich history of computing breakthroughs and technology leadership since it was founded in 1939. But despite taking in $112 billion in revenue in 2013 (split almost evenly between the groups that will form the two separate companies) it has…

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