November 3, 2015 at 11:33Divide and conquer: the largest event in the history of Hewlett-Packard since 2002
Hewlett-Packard ( HP ) in the past was the largest manufacturer of PCs and servers in the world. The legendary company that has existed so far is no longer there. The process of dividing HP into two independent businesses is complete.
New HP Inc. received all the assets for the development and production of personal computing systems and printers. Hewlett Packard Enterprise went to HP's entire corporate business. For HP, these changes have been the largest since the takeover since it acquired Compaq from 63.7 thousand employees in 2002 for $ 25 billion.
HP Inc. Already announced the listing of Fortune 100 public companies. The head of the company was President and CEO Dion Weisler, who served as vice president of Printing and Personal Systems at the former company.
Hewlett Packard Enterprise will focus on the design and manufacture of enterprise IT systems. The company as CEO will be led by Meg Whitman, former CEO of Hewlett-Packard. Its shares began trading on the New York Stock Exchange (NYSE) on Monday, November 2.
The existing Hewlett-Packard logo is inherited by HP Inc. In addition to laser and inkjet printers for business and home, laptops, desktop and tablet PCs, workstations, she also plans to develop a legacy patent portfolio in the field of 3D printing and other promising technologies.
Hewlett Packard Enterprise received a new logo. Her plans include the further development of successful server lines Apollo, Gen 9 and Moonshot, 3Par storage systems, HP OneView management platforms, HP Helion cloud solutions, security and data analysis services and other corporate services and applications, CNews reports .
Separation is a necessary measure. Talk about him has been going on since 2011. Corporate revenue has declined significantly over the past few years. It is significantly inferior to large companies in the field of cloud technology and the production of smartphones and tablets. According to the results of the 2013-2014 fiscal year ending October 31, 2014, the company's revenue decreased by 1%, and profit - by 2%. The company's revenue decline in fiscal 2013-2014 occurred across all segments except the Personal Systems division (PCs, tablets and smartphones), which grew by 6.5% to $ 34.3 billion.
The HP corporation employed about 300 thousand employees in 170 countries and 600 cities. Such a scale is now rather a disadvantage than an advantage. The separation process has dragged on. It lasted from last fall. HP revenue in the last quarter was down 8% year on year. Since the company announced the split last year, its stock has fallen by about 27%.
According to a previously published forecast, Hewlett Packard Enterprise's annual revenue should exceed $ 50 billion. The staff reduction and business restructuring measures will provide the company with annual savings of up to $ 2 billion, which in the long run will allow achieving a long-term operating profitability of 7-9%.
HP Inc’s CEO (the rest of HP), Dion Waysler, has a difficult task: staying afloat in an industry that quickly leaves the old HP behind. For HP Inc, separation means that profits from highly profitable printer sales will no longer be wasted on the corporate IT business that HPE will take care of. Weisler plans to channel the freed money to increase the percentage of revenue that HP spends on research (the combined company spent only 3.1%). In addition, most of its profits are HP Inc. will return to shareholders in the form of dividends, Vedomosti writes , citing The Wall Street Journal.
The new HPE will have 252,000 employees, while HP Inc. will have only 50,000. However, in terms of revenue, HP Inc. there will be more. She received $ 57.3 billion in revenue over the past year, while HPE received $ 53 billion.
New HP Inc. received all the assets for the development and production of personal computing systems and printers. Hewlett Packard Enterprise went to HP's entire corporate business. For HP, these changes have been the largest since the takeover since it acquired Compaq from 63.7 thousand employees in 2002 for $ 25 billion.
HP Inc. Already announced the listing of Fortune 100 public companies. The head of the company was President and CEO Dion Weisler, who served as vice president of Printing and Personal Systems at the former company.
Hewlett Packard Enterprise will focus on the design and manufacture of enterprise IT systems. The company as CEO will be led by Meg Whitman, former CEO of Hewlett-Packard. Its shares began trading on the New York Stock Exchange (NYSE) on Monday, November 2.
The existing Hewlett-Packard logo is inherited by HP Inc. In addition to laser and inkjet printers for business and home, laptops, desktop and tablet PCs, workstations, she also plans to develop a legacy patent portfolio in the field of 3D printing and other promising technologies.
Hewlett Packard Enterprise received a new logo. Her plans include the further development of successful server lines Apollo, Gen 9 and Moonshot, 3Par storage systems, HP OneView management platforms, HP Helion cloud solutions, security and data analysis services and other corporate services and applications, CNews reports .
Separation is a necessary measure. Talk about him has been going on since 2011. Corporate revenue has declined significantly over the past few years. It is significantly inferior to large companies in the field of cloud technology and the production of smartphones and tablets. According to the results of the 2013-2014 fiscal year ending October 31, 2014, the company's revenue decreased by 1%, and profit - by 2%. The company's revenue decline in fiscal 2013-2014 occurred across all segments except the Personal Systems division (PCs, tablets and smartphones), which grew by 6.5% to $ 34.3 billion.
The HP corporation employed about 300 thousand employees in 170 countries and 600 cities. Such a scale is now rather a disadvantage than an advantage. The separation process has dragged on. It lasted from last fall. HP revenue in the last quarter was down 8% year on year. Since the company announced the split last year, its stock has fallen by about 27%.
According to a previously published forecast, Hewlett Packard Enterprise's annual revenue should exceed $ 50 billion. The staff reduction and business restructuring measures will provide the company with annual savings of up to $ 2 billion, which in the long run will allow achieving a long-term operating profitability of 7-9%.
HP Inc’s CEO (the rest of HP), Dion Waysler, has a difficult task: staying afloat in an industry that quickly leaves the old HP behind. For HP Inc, separation means that profits from highly profitable printer sales will no longer be wasted on the corporate IT business that HPE will take care of. Weisler plans to channel the freed money to increase the percentage of revenue that HP spends on research (the combined company spent only 3.1%). In addition, most of its profits are HP Inc. will return to shareholders in the form of dividends, Vedomosti writes , citing The Wall Street Journal.
The new HPE will have 252,000 employees, while HP Inc. will have only 50,000. However, in terms of revenue, HP Inc. there will be more. She received $ 57.3 billion in revenue over the past year, while HPE received $ 53 billion.