HP's PC Spin in Doubt: Deals to Watch

Hewlett Packard(HP_) may step back from its controversial personal computer spinoff plan as management works feverishly on definitive plan for the company, the Wall Street Journal reported Wednesday.

Earlier in October, HP took a controlling stake in British software giant Autonomy moving the company closer to completion of its $10.3 billion purchase announced in mid-August. It was all part of former CEO Leo Apotheker's ambitious attempt to turn the company from a PC maker to a services and software specialist more in the mold of IBM(IBM_)andSAP(SAP_), which he led for over two years. The strategy was to spin out its computers and handset divisions in favor of Autonomy's software capabilities that could be grown into existing security and services business lines.

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- Posted: 2011-10-12 10:52:30

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