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Sunday, October 5, 2014

Silicon Valley giant Hewlett-Packard to split in two - WSJ, (NASDAQ: EBAY)

Hewlett-Packard Co plans to split into two companies, separating its computer and printer businesses from its corporate hardware and services operations, the Wall Street Journal reported on Sunday.The company plans to announce the move as early as Monday, the Journal said in a report on its web site that cited people familiar with the matter. The division would be made through a tax-free distribution of shares to stockholders next year, according to the report.A company spokeswoman failed to comment on the report.HP is the latest in a line of companies, often under shareholder pressure, to spin off operations in an attempt to become more agile and to capitalize on faster-growing businesses. Last week online auction company eBay Inc said it would spin off electronic payment service PayPal.

eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 0.77% or $-0.42/share to $54.44. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 13644400 shares of EBAY exchange hands on a given day and today's volume is recorded at 9569573.