Did HP's PC spinoff indecision boost its market share?
When Meg Whitman replaced Leo Apotheker as HP CEO the previously announced spinoff idea was put on hold and HP's U.S. and global market share increased.
Sometimes being indecisive doesn’t hurt the bottom line. Just ask executives at Hewlett-Packard Co.
Under the previous CEO, Leo Apotheker, HP announced in August that it was considering spinning off its PC business. When Meg Whitman replaced Apotheker the following month and the spinoff idea was put on hold, HP’s U.S. and global market share increased, Bloomberg News reports.
The giant computer maker’s share of U.S. PC shipments rose to 28.9 percent from 25.4 percent a year earlier, solidifying its lead in the industry, the analyst firm Gartner said Oct. 13 as reported by Bloomberg News. Worldwide, HP’s share climbed to 17.7 percent from 17.3 percent. IDC, another market research firm, also showed the company gaining ground, Bloomberg reported.
Hewlett Packard Co., of Palo Alto, Calif., ranks No. 7 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.
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