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HP to split in two (Printer + Computer)

HP-635Founded by Bill Hewlett and Dave Packard in a Palo Alto, California garage in 1939, HP was one of the companies that shaped Silicon Valley.

HP will separate its :-

1. Computer 

2. Printer businesses

& spin the unit off through a tax-free distribution of shares to stockholders next year.

A company spokesperson declined to comment on the report.

It has also been overtaken by aggressive Chinese PC maker Lenovo, which is now the world’s No. 1 PC maker by shipments.

Dell, which is HP’s closest U.S. competitor & facing similar pressure, was taken private by founder Michael Dell last year.

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