SELLER OF EXPENSIVE PRINTER INK HP has issued a statement saying that it is not selling its PC business, despite reports in Chinese language newspapers that it was considering doing so.
Taiwan's Commercial Times printed the initial report, which was picked up by the ever reliable Digitimes. The newspapers suggested that a deal was on the cards with Samsung in the fourth quarter of 2010 but that it fell through for an "unknown reason".
Bill Wohl, SVP and chief communications officer at HP called the suggestions that HP was selling its PC business "irresponsible reporting". He denied that there was any truth to the report and said that it should be "dismissed as market rumour and speculation".
Wohl was also keen to state that the company's PC business, which he noted is the largest in the world, is integral to HP's global strategy.
While HP's PC business did not pull in as much revenue lately as had been expected, it seems very unlikely that it would sell off such an important part of the company. Despite this and HP's dismissal, speculation might continue over the future of its PC division for some time. µ
Plus the cost of ambition as moonshots eat into the coffers
Spoiler alert: it's probably VeriSign
Did we say cuts off? We meant traps them inside their own home