This from the Rumor Mill at Business Journal… HP plans to split into two companies in a move that would create a separate personal computer-printer operation and a corporate hardware-services business, the Wall Street Journal reported on Sunday.
The report cited unnamed sources who said the plan could be announced as early as Monday. The split would be done as a tax-free distribution of stock to shareholders next year, one of the Journal’s sources said.
It would be the second big breakup of a Silicon Valley tech powerhouse in a week, following eBay’s plan to spin off PayPal. It also follows Oracle’s announcement thatLarry Ellison was handing the CEO reins over to former HP CEO Mark Hurd and Safra Catz.