Saturday, October 11, 2014

HP, and Symantec to split up

In recent news, HP will be splitting up into two different entities. One company will focus on the computer and printer operations unit, and it will be HP Inc. The other company, HP Enterprise, will focus on software and cloud based computing services. The main question is which company will be the more prosperous? The split initiated by CEO, Meg Whitman, should have happened in 2011 (or earlier). In addition to HP's recent split, Symantec will do the same by splitting up into two companies. The two public traded companies will be: 1. Cybersecurity software, and 2. Storage and backup. Cisco Systems and NetApp may show interest in buying the two surviving Symantec corporations. Since 2012, the company has fired two CEOs. Poor financial performance, and other management mishaps have led to the terminations. Finally, EBay is going to split off Paypal. EBay and Paypal will be two companies operating, in two different industries. One for online auctions, and the other company will focus on online money transfers. In 2014, there have been more than 60 spin-offs announced. Which major corporation could be the next to spin-off? Microsoft does come to mind. For now, hope Meg Whitman and HP are successful in their spinoff.

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