HP’s newly appointed CEO Meg Whitman said the company will decide this month whether or not it is going to spin off its personal systems group (PSG).
“We have to make a final decision about what to do with the PC division,” Whitman said. “It’s a decision I want to make much faster than my predecessor. I want to make it before the end of October.”
HP’s former CEO Léo Apotheker originally said the verdict would be determined by 2012. Earlier this month, the company’s chairman Ray Lane explained he will “lobby” to keep HP’s personal systems group if his firm “can’t offer a better proposition to customers and investors.” Lane explained HP will likely still call the PSG group “HP PC Business” even if a spin off does occur, and he said the PC business may be more successful outside of its parent company because it is on a different track than HP’s enterprise business.