Report: Hewlett-Packard plans to break into two companies
Hewlett-Packard Co. will announce as early as Monday that it is splitting into two companies, The Wall Street Journal reports, citing people familiar with the plan.
The personal computer and printer division will reportedly become separated from the business services unit. Under this split, chief executive Meg Whitman would become chairman of the PC and printer unit and CEO of the business services division.
Hewlett-Packard is one of the biggest technology companies in the world, and reported $112 billion in revenue during its last fiscal year. The company was founded by Bill Hewlett and Dave Packard, friends from Stanford University, in 1939.
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Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
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