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HP, the American institution and largest computer manufacturer in the world, rocked a lot of people's boats when it confessed that it was considering spinning off its PC business this summer. But after further consideration (and gasps from investors), the company has announced that it will remain committed to PCs, after all.
“HP objectively evaluated the strategic, financial and operational impact of spinning off PSG [personal systems group]. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” said the company's new CEO Meg Whitman in a statement.
The sale talk had been under previous chief executive, Leo Apotheker, who simultaneously shut down the company's mobile devices division and appeared to be steering the company toward enterprise software.
HP shares, which stumbled after the spin-off news, have inched up one percent following the announcement.