By: Economic & Finance Report
Hewlett Packard one of the biggest technology and computer companies will soon have divided into two separate entities. The completion is supposed to take place November 1, 2015. The company will be a computer company and the other entity will be its printer company.
HP Enterprise will be raking in somewhere around $58 billion in revenue because of the split, whill HP Inc, will see around the $57 billion mark in revenue sales.
HP board approved of the demerger in the beginning of October and the markets rallied in favor of the demerger of the two divisions (printer unit and pc unit). HP stocks have been taking a hit the last few years because of certain improprieties in its business model, so dividing the company maybe suitable for long run performance. -SB