Hewlett Packard Co (HPQ.N) on Thursday said that it was in talks to purchase software firm Autonomy (AUTN.L) and may spin off of its Personal Systems Group, confirming earlier reports. HP also said it will discontinue the WebOS-based TouchPad tablet computer and phones. The PC business is part of HP's Personal Systems Group, which pulls in about $41 billion in annual revenue for the company. HP's low-margin, high-volume PC business was seen as a spinoff candidate, given intense competition and a slide in consumer PC demand. Bloomberg first reported the news.
Hewlett-Packard Company (HP) is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors. Shares of HPQ fell by 3.09% or $-0.97/share to $30.42. In the past year, the shares have traded as low as $29.75 and as high as $49.39. On average, 21902100 shares of HPQ exchange hands on a given day and today's volume is recorded at 70309856.
