HP to Spin Out Its PC Business

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    NEWSLETTERS

    TK
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    Former Hewlett-Packard CEO Mark Hurd delivers a keynote address at the 2007 Oracle Open World conference November 12, 2007. The previous HP CEO, Carly Fiorina, purchased the PC business in 2001.

    Hewlett-Packard, owner of the largest personal-computer business in the world, is about to sell it.

    That's the same business that only a few years ago was purchased by ousted CEO and former California gubernatorial candidate Carly Fiorina. HP paid $25 billion for Compaq in 2001.

    This also points to just what a race-to-the-botom business the PC business has become. The rise of Apple is a major contributor to this race, of course, but there's also the fact that PCs were always a thin-margin vertical.

    CNBC.com reports that a spinoff of the PC business would coincide with a $10 billion acquisition of British software company, Autonomy.

    Autonomy makes software that parses and organizes unstructured data, like emails.