HP to spin off its PC business

HP has confirmed today it is looking to spin off its PC business.

The spin-off, along with a $10 billion purchase of Autonomy Corp., are expected to be announced today or tomorrow.

Autonomy is an enterprise software company that "develops a variety of enterprise search and knowledge management applications using adaptive pattern recognition techniques centered on Bayesian inference in conjunction with traditional methods."

A few of its customers include multinationals like Coca-Cola and Nestle.

HP has been looking to expand into software and the cloud, which historically have higher margins than PCs.Permalink | Comments

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