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Backtracking on the company's August decision to consider selling or spinning off its PC business, new HP CEO Meg Whitman today announced that the company would be holding on to its Personal Systems Group for the time being.

This decision was reached after conducting "strategic review" of the group and the impact its sale or spin-off would have on the company's business, which found that the PSG contributed significantly to HP's portfolio and brand, and that the cost of setting the group up as its own company would outweigh the benefits.

This is definitely a step in the right direction for the world's biggest PC maker, but nevertheless, the announcement that HP was considering the sale of its PC group ruffled quite a few feathers, and may have damaged the brand's mindshare: an anonymous source told the New York Times last month that "business customers who buy tens of thousands of these machines along with support contracts are shutting [HP] out. Dell and Lenovo are all over these accounts. They’re having a field day."

Source: Business Wire





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