HP Merges PC, Printing Units As New Boss Makes Her Mark
Hewlett-Packard (NYSE: HPQ), the No. 1 computer company, said it will merge its PCs with its printers unit, amid other internal changes ordered by new CEO Meg Whitman.
The goal is to make the lumbering giant in Palo Alto, Calif., more profitable and take advantages of economies of scale. HP's PC business is the world's biggest as its its Imaging and Printing Group in the printers sector.
We believe we will create a winning scenario, Whitman said in announcing the shift, which also includes the retirement of printing czar Vyomesh Joshi, 57.