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HP to combine printer, PC groups: report

(Xinhua)

08:48, March 21, 2012

SAN FRANCISCO, March 20 (Xinhua) -- U.S. media reported on Tuesday that Hewlett-Packard (HP) will announce a sweeping reorganization to bring its printer unit under the PC-making group.

Sources told technology news site AllThingsD that the reorganization is part of cost-cutting and simplification measures of chief executive officer (CEO) Meg Whitman, who has been exploring ways to streamline HP's operations.

According to AllThingsD, Vyomesh Joshi, the company's executive vice president in charge of the Imaging and Printing Group (IPG), will leave the company and the combined business unit will be led by executive vice president Todd Bradley, head of the Personal System Group (PSG).

Under former CEO Leo Apotheker, HP's PC division had been considered for a spin-off as an independent company. The plan was later pulled back after HP fired Apotheker and hired Whitman.

HP is the world's largest printer seller with 41 percent of the total market share, according to statistics from research firm IDC. But the IPG business has been undergoing a decline in recent years as it faced competition from Japan's Canon and supply chain problems caused by last year's earthquake and tsunami in Japan as well as the flooding in Thailand.

After the reorganization, the combined group will become the biggest group inside HP. The printer and PC units accounted for 65 billion U.S. dollars in sales in 2011, more than 51 percent of HP' s overall revenue.

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