Hewlett-Packard will split its business into two companies due to losses
Until November 1, Hewlett-Packard Corporation ( HP ) plans to divide the business into two separate companies: Hewlett Packard Enterprise and HP. Last fiscal year, Hewlett Packard Enterprise earned $ 55 billion. The total value of its assets is estimated at $ 65 billion. HP does not disclose such information.
Separation is a necessary measure. Discussions about him have been going on since 2011. Corporate earnings have declined significantly over the past few years. It is significantly inferior to large companies in the field of cloud technology and the production of smartphones and tablets.
The corporation employs about 300 thousand employees in 170 countries and 600 cities. Such scales are now a disadvantage rather than an advantage. The separation process was delayed. It lasts from last fall.
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CEO of Hewlett-Packard Enterprise will be Meg Whitman, who now runs HP. HP CEO will be Dion Weisler, who is now in charge of computers and printers. Hewlett-Packard Enterprise will focus on business development and strengthening its influence in the corporate segment of the cloud IT services market.
According to Whitman, for this it is necessary to acquire several companies from this sphere. HP plans to return the money to shareholders, after which it will prepare to enter new markets, including the 3D printing market, reports The Wall Street Journal.
Jim Osman, head of research firm Edge Consulting Group, suggests that after the split, Whitman will resume merger talks with EMC.
According to some experts, in the long run, Hewlett-Packard Enterprise will become a more successful company compared to HP. Although much will depend on what steps will be taken by the former division of computers and printers in the future. HP is expected to submit its financial development plan by November 1 of this year.
Separation is a necessary measure. Discussions about him have been going on since 2011. Corporate earnings have declined significantly over the past few years. It is significantly inferior to large companies in the field of cloud technology and the production of smartphones and tablets.
The corporation employs about 300 thousand employees in 170 countries and 600 cities. Such scales are now a disadvantage rather than an advantage. The separation process was delayed. It lasts from last fall.
')
CEO of Hewlett-Packard Enterprise will be Meg Whitman, who now runs HP. HP CEO will be Dion Weisler, who is now in charge of computers and printers. Hewlett-Packard Enterprise will focus on business development and strengthening its influence in the corporate segment of the cloud IT services market.
According to Whitman, for this it is necessary to acquire several companies from this sphere. HP plans to return the money to shareholders, after which it will prepare to enter new markets, including the 3D printing market, reports The Wall Street Journal.
Jim Osman, head of research firm Edge Consulting Group, suggests that after the split, Whitman will resume merger talks with EMC.
According to some experts, in the long run, Hewlett-Packard Enterprise will become a more successful company compared to HP. Although much will depend on what steps will be taken by the former division of computers and printers in the future. HP is expected to submit its financial development plan by November 1 of this year.
Source: https://habr.com/ru/post/292186/
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