Hewlett-Packard (HPQ) To Divest PC Business?
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Price: $29.71 +0.81%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4%
Revenue Growth %: +2.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4%
Revenue Growth %: +2.9%
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Hewlett-Packard (NYSE: HPQ) could possibly sell off its PC unit to Samsung.
According to a report in China's Commercial Times, which was featured on Digitimes, notes that Hewlett-Packard has also had contact with other companies such as Lenovo and Foxconn Electronics, but Samsung will likely be able to offer a higher price for the unit.
With Samsung having a major presence in LCD TV and mobile handset lines, the Commercial Times said that the acquisition of Hewlett-Packard's PC business would help to fill in the gap that it is missing.
Digitimes points out that rumors of the divestiture of Hewlett-Packard's PC business have been circulating around Taiwan's IT market since Q410, but any deals have since been called off.
Finally, Commercial Times reports that Hewlett-Packard's CEO, Leo Apotheker, recently said that they would be adopting webOS into future PC products in order to further challenge Apple (Nasdaq: AAPL), meaning that a sale of the unit would be contradictory to its current strategy.
H-P shares are currently trading 0.9% lower on the day.
According to a report in China's Commercial Times, which was featured on Digitimes, notes that Hewlett-Packard has also had contact with other companies such as Lenovo and Foxconn Electronics, but Samsung will likely be able to offer a higher price for the unit.
With Samsung having a major presence in LCD TV and mobile handset lines, the Commercial Times said that the acquisition of Hewlett-Packard's PC business would help to fill in the gap that it is missing.
Digitimes points out that rumors of the divestiture of Hewlett-Packard's PC business have been circulating around Taiwan's IT market since Q410, but any deals have since been called off.
Finally, Commercial Times reports that Hewlett-Packard's CEO, Leo Apotheker, recently said that they would be adopting webOS into future PC products in order to further challenge Apple (Nasdaq: AAPL), meaning that a sale of the unit would be contradictory to its current strategy.
H-P shares are currently trading 0.9% lower on the day.
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