HP is looking to shut down its WebOS and PC lines of business. There have been stories that HP has not had much fun with these lately but they’ve barely started with WebOS and they are Number One in PCs. What’s up?“Exploring strategic alternatives for Personal Systems Group; shutting down operations for webOS devices and exploring strategic alternatives for webOS software”
In Q2, HP reported tiny earnings even though revenue was $billions for “personal systems”. They could well be willing to shift all that to China… the same way IBM did. Lenovo is loving it. Perhaps they could take the business off HP’s reluctant hands. It doesn’t seem Q3 is all that bad. Perhaps they just want larger margins.
“Third quarter net revenue of $31.2 billion, up 1% from the prior year quarter and down 2% when adjusted for the effects of currency
Third quarter GAAP diluted earnings per share up 24% with non-GAAP diluted earnings per share up 2% and cash flow from operations of $3.2 billion”
I’ve noticed lately that their heart isn’t in it. Wyse has taken over first place in thin clients. They were just charging too much for a small cheap computer.
HP has new leadership. Has he no heart for the lowly PC?
PS: I’ve had an afterthought: M$ could be losing a huge partner in Wintel here. HP has proven there’s not much money in being M$’s partner in Wintel. Perhaps the next owner of the business will drive a harder bargain or even run GNU/Linux straight away… Either way this could cost M$ money or share.