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HP (NYSE:HPQ) has completed its evaluation of strategic alternatives for its Personal Systems Group (PSG) and has decided the PC unit will remain part of the company, HP said in a release.
"HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders and right for employees," said Meg Whitman, HP's president and CEO.
The strategic review involved subject matter experts from across the businesses and functions. It detailed the extent to which PSG contributes to HP's solutions portfolio and overall brand value, showing that the cost to recreate these in a standalone company outweighed any benefits of separation.