HP: Trying to Exit PC Business, Kills WebOS Tablets
In a series of stunning decisions, Hewlett-Packard has confirmed that it’s trying to sell off its PC business, the HP Personal Systems Group (HP PSG). Plus, HP has killed the WebOS device business — TouchPad and webOS phones are dead, though the webOS software remains alive. Also, HP is in discussions to buy Autonomy Corp., which develops database search software, HP confirmed. Taken together, each of those moves — some pending, some completed — could help HP to reshape itself as an enterprise software and services company.
In an announcement posted on HP’s website, the company confirmed:
- It is in discussions with Autonomy regarding a possible offer for the company.
- HP’s board of directors has authorized the exploration of strategic alternatives for its Personal Systems Group (PSG). In other words: HP would like to sell off the PC business, though a range of alternatives are under consideration.
- HP is killing its webOS TouchPad and webOS phone phone business, but wull explore options to optimize the value of webOS software going forward.
- HP announced preliminary results for the third fiscal quarter 2011, with revenue of $31.2 billion compared with $30.7 billion one year ago.
- HP will host a conference call with the financial community today at 2 p.m. PT / 5 p.m. ET to discuss these announcements well as HP’s third quarter 2011 financial results. The call is accessible via an audio webcast at www.hp.com/investor/2011q3webcast.
Bombshells all around. The VAR Guy will be back with more analysis soon.