Hewlett-Packard's CEO has dismissed persistent rumors that the company might break itself up in a move that could create more value for shareholders.
"We have no plans to break up the company. I feel quite strongly that we are better and stronger together," Whitman said on HP's quarterly earnings call Thursday, responding to a question from an analyst about the company's plans.
Rumors that HP might break itself up have persisted since former CEO Leo Apotheker said two years ago that HP might sell off its underperforming PC business. HP later replaced Apotheker and said it would keep the division.
One rationale for a break-up is that HP's shareholders would get more value if more profitable parts of the business, such as the printer and services divisions, are separated from other divisions.
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Source: http://www.pcworld.com/article/2029000/hps-whitman-vows-to-keep-the-company-intact-on-track.html
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