Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

HP's Whitman says 'no plans to break up the company'

James Niccolai | Feb. 22, 2013
Hewlett-Packard's CEO has dismissed persistent rumors that the company might break itself up in a move that could create more value for shareholders.

Over the past 10 years, HP has built "the most valuable franchise in IT," Whitman said.

"When you think about our brand, our scale, our distribution, our go-to-market, collaboration on R&D and supply chain, I think we've got a great set of assets," she said.

"Importantly, customers want this company to be together, and we heard that loud and clear on Aug. 18, 2011," Whitman said. That's the day HP said it was considering a spin-off of its PC business.

Still, HP will eventually have to show its shareholders that "better together" is the right strategy, something Whitman alluded to on the call.

"Over time, the business performance has to underscore the value of better together," she said.

 

Previous Page  1  2 

Sign up for CIO Asia eNewsletters.