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HP, a Silicon Valley Icon, Is Ready for Its Break-Up

2015-10-30 12 Dailymotion

One of the nation's most storied tech companies will split in two this weekend, another casualty of seismic shifts in the way people use technology - and big-company sluggishness in responding.<br />Hewlett-Packard was an early pioneer of what became the model for Silicon Valley startups: Founded in 1939 by two Stanford graduates in a Palo Alto, California, garage, HP was long celebrated for its engineering know-how and laid-back corporate culture.<br />HP Inc. will sell personal computers and printers; Hewlett Packard Enterprise will sell commercial computer systems, software and tech services.<br />Each of the spin-offs will face significant challenges: Demand for PCs and printers is continuing to decline, as more people use mobile devices and store their documents and photos online in the cloud.<br />HP recently said it's giving up on competing directly in cloud computing, a growing business in which companies large and small run software in remote data centers operated by Amazon and others.

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