HP Reports Small Revenue Gain, Initiates Company Transformation
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HP unveiled the details of a plan to accelerate the business strategy it introduced in March. The plan introduced today will:
- Move HP into higher value, higher margin growth categories.
- Sharpen HP’s focus on its strategic priorities of cloud, solutions and software with an emphasis on enterprise, commercial and government markets.
- Increase investment in innovation to drive differentiation.
As part of the transformation, HP announced that its board of directors has authorized the exploration of strategic alternatives for the company’s Personal Systems Group. HP will consider a broad range of options that may include, among others, a full or partial separation of PSG from HP through a spin-off or other transaction. (See accompanying press release.)
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- Companies:
- Hewlett-Packard
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