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HP creates Mobility division to focus on consumer tablets, taps ex-MeeGo maven Alberto Torres to run it
Despite the culling of Palm's offerings from its product portfolio, HP isn't exiting the tablet space. Far from it. Evidence of a new tablet has been floating around since April, and we've even caught a couple glimpses of the so-called Slate 8. Now, The Verge reports that the company has created a Mobility unit within the Personal Systems Group dedicated to making such consumer hardware. According to a leaked internal memo, it looks like Alberto Torres, formerly chief of MeeGo ops at Nokia, will be the man in charge of the new division. The Mobility group will first focus on tablets, with a "soon-to-be-launched" initial offering, but it plans to expand into other product segments moving forward. The full leaked memo can be found at the source below.
HP's imaging / printing group combines with PC group, Printing and Personal Systems Group emerges
Rumor had it, and rumor was right. This morning, HP officially announced an organizational realignment that's set to "improve performance and drive profitable growth across the entire HP portfolio." Corporate speak, sure, but what's happening is that the Imaging and Printing Group (IPG) and Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group. The newly merged entity will be headed up by one Todd Bradley, who has served as the executive VP of PSG since '05. Vyomesh Joshi, executive VP of IPG, seems to be getting the better end of the deal, cashing in his "retirement" card after 31 years at the company. In related news, HP's Global Accounts Sales organization will join the newly named HP Enterprise Group, and it will "unify its Marketing functions across business units under Marty Homlish, executive vice president and chief marketing officer." Lastly, the company is sliding its Global Real Estate function from Finance into Global Technology and Business Processes, which is bound to befuddle precisely no one. For the full chair rearrangement, head on past the break.
AllThingsD: HP to fold Imaging and Printing division into Personal Systems Group
HP might have at one point considered ridding itself of its high revenue but low earnings computing division, but AllThingsD has it on good authority that its profitable printing group will now be folded into it. Under the guise of consolidation, the union of both should streamline operations, as both currently expend sizable efforts targeting the same business and home consumers alike. It'll also mean the current Imaging and Printing Group head-honcho, Vyomesh Joshi, is on the outs with the absorbed unit reporting to existing Personal Systems Group head, Todd Bradley. Enough about the kerfuffle, ultimately the shakeup means we're one step closer to owning the webOS printer of our dreams, right?
HP reports Q1 2012 financials: $30 billion net revenue, $1.5 billion net earnings, big drop in PC sales
HP reported results for its first fiscal quarter of 2012 this afternoon, including $30 billion in net revenue (down seven percent from the previous year), and net earnings of $1.5 billion (down a full 44 percent). Partly contributing to that drop is a slump from its Personal Systems Group, which saw revenue slip 15 percent year-over-year, and total desktop and notebook units decline a rather drastic 19 and 18 percent, respectively. The company's Imaging and Printing Group also saw a seven percent decline in revenue, with the total number of printer units slipping 15 percent. HP's services business managed to eke out a one percent growth with revenue of $8.6 billion, though, while its software business saw the biggest growth in any one area at 30 percent (that includes results from the recently-acquired Autonomy). The company's full rundown can be found in the press release after the break, with additional numbers available at the source link below.Update: On the company's earnings call, CEO Meg Whitman laid some of the blame for PSG's decline on hard drive shortages, but also said that HP has "under-invested in innovation for the last several years" and "been late to market too often," adding that "we have to lead again." A transcript of Whitman's prepared remarks can be found here.
Autonomy CEO talks about HP's future, promises 'really stunning technology'
New details are emerging today about HP's plans for Autonomy, nearly two months after Whitman & Co. purchased the software-maker for a cool $10.4 billion. In an interview with ZDNet UK, Autonomy chief executive Mike Lynch said his company's search, data analysis and AR technologies will be integrated within a range of HP products, including its printers, servers and storage unit, and its consumer-focused Personal Systems Group, which handles phones, tablets and PCs. "There is a lot of work going on between the different business units at HP," Lynch explained. "Servers and storage is obviously key [but with the] Personal Systems Group stuff is going to come that was only available for very large companies." He went on to say that Autonomy's data analysis artillery will be linked up to HP's public cloud service, and that both companies have developed some "really stunning technology" for printers. The exec didn't offer many details beyond that, but he did promise that more information would be released "very shortly."
HP will keep PC division, hope alive
There's been plenty of speculation about what the future holds for HP and its Personal Systems Group -- a group that CEO Leo Apotheker seemed intent to shed -- but the crew now led by CEO Meg Whitman has just confirmed that division is staying home, where it belongs. Meg says the company "objectively evaluated" the idea of spinning PSG off but decided that keeping it in-house is "right for customers and partners, right for shareholders, and right for employees." Or, maybe her reserve wasn't met. Either way, the press release after the break goes on to confirm that the board believes PSG will continue to "drive profitable growth" in these challenging times. Maybe good 'ol Leo was right when he said "You still need larger machines to handle heavy-duty tasks." Heavy indeed. Update: Oh, and in case you had any doubts, HP is actually going to use Windows 8 (when available) to make its tablets appealing. And now you know.
webOS global business unit split outlined in leaked HP documents
It's been just over two weeks since HP announced plans to discontinue production of its webOS devices, and speculation over the future of the platform is still going strong. Just this week, Samsung CEO Choi Gee Sung put to rest rumors of a webOS deal, and now two leaked missives from inside HP show plans to split the webOS global business unit in two. According to letters apparently from Todd Bradley and Shane Robison, webOS software will find a new home in the outfit's Office of Strategy and Technology, while the hardware division will remain with the Personal Systems Group. One of these letters from Tom Bradley explains the split: The pan-HP charter of OS&T provides a broad view of how we can optimize our technologies. In fact, it has proven to be a successful incubator of technologies; it is home to a team of senior technology experts devoted exclusively to exploring longer-term strategies for our technologies.The second missive, from Shane Robison, goes on to say that "webOS software is still a great asset." None of this should come as a surprise, as our interview with Stephen DeWitt reiterated the company's dedication to the webOS platform, while HP's recent ads hocking PSG show the outfit's intentions to spin-off its PC business. Now the question is, who has the bones to make it happen? For the full-length leaks hit the source link below.
HP promotes '$40 billion' PC business spin-off with new series of ads
Before today, HP had only expressed that it "will consider a broad range of options" for the future of its Personal Systems Group; and now, said company's released a series of ads to confirm its intention to spin it off into a separate company. Amidst the lovely (and ironic) mention of HP's long-lived success with its $40 billion PC business, the underlying message here is all about "staying focused on our customer needs" and to "better anticipate change" -- much like being a start-up all over again, as suggested by Executive Vice President Todd Bradley on HP's website. Of course, the customer in question here is likely from the enterprise sector, as we've all learned from CEO Leo Apotheker's interview at D9, the death of HP's webOS devices, and the pending acquisition of Autonomy. Still, we've yet to hear more concrete plans or even figure out who the potential buyers might be (if any), but for now, you can take a gander at HP's "sample ad" after the break.
Editorial: Engadget on the death of HP's webOS devices
WebOS, where did things go wrong? One moment you're worth a "double-down" investment by HP valued at $1.2 billion, and the OS of choice for future tablets, computers and even printers; the next, you're discarded like yesterday's crusty old oatmeal. Today, HP announced -- among other things -- that it's chosen to discontinue operations for its webOS lineup, and that the company "will continue to explore options to optimize the value of webOS software going forward." So what does this all mean for the future of webOS? Have we seen the last of webOS? Join us past the break for our thoughts.
HP will 'discontinue operations for webOS devices', may spin off Personal Systems Group
And just like that, Palm's baby was abandoned. Among the "other announcements" in today's press release about the potential spinoff of its entire Personal Systems group (PCs, mobile devices, storage) is a note that the webOS ecosystem HP snagged for $1.2 billion a year ago is already being ditched. "In addition, HP reported that it plans to announce that it will discontinue operations for webOS devices, specifically the TouchPad and webOS phones. HP will continue to explore options to optimize the value of webOS software going forward." Among slightly lowered estimates for its 2011 revenue, HP confirms it's in talks with Autonomy Corporation plc about a "possible offer" for the company. It's clear that a separation of HP the services / software company and HP the hardware manufacturer leaves no room in the lifeboat for the Pre and TouchPad family, but what happens next? We're sure there will be more pointed questions about what "optimizing the value of webOS software going forward" means -- we vote for a quickie sale to one of Google's disgruntled hardware partners or better yet, opening it up for some community hackery -- on the conference call scheduled for 5 p.m. Eastern. Update: HP CEO Leo Apotheker confirmed on the company's earnings call late this afternoon that the Autonomy acquisition is considerably further along than just a "possible offer," and that it's expected to be completed by the end of 2011. He also made it clear that any possible spin-off of the PC business won't happen soon, and said that the company will take 12 to 18 months to consider its options, further adding that he is "taking ownership" of all of these decisions. As for webOS, Apotheker expectedly offered few specifics, but suggested that just about all options, including licensing, remain on the table. Timeline: 4.28.10 - HP buys Palm 4.28.10 - HP: 'We're doubling down on webOS,' Palm: 'That was the whole point' 7.1.10 - HP / Palm buyout officially complete -- get ready for webOS printers 2.9.11 - RIP, Palm: 1992 - 2011 2.9.11 - HP's 9.7-inch TouchPad: webOS 3.0 tablet with 1.2GHz dual-core Snapdragon, coming this summer 2.9.11 - HP Pre 3: 1.4GHz Qualcomm CPU, 3.6-inch WVGA, coming this summer (video) 3.9.11 - WebOS will be on 'every HP PC' shipping next year, says CEO 6.29.11 - HP confirms it's in talks about licensing webOS, Samsung tipped as a possibility 7.11.11 - HP's Stephen DeWitt to lead webOS global business unit, Jon Rubinstein stepping aside 8.18.11 - HP unveils 64GB TouchPad, spurns America (and freedom)
