10 Nov 2011

HP to keep its PSG Division

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Dear Partner,
We are pleased to announce that HP Board of Management has completed its evaluation of strategic alternatives for Personal Systems Group (PSG) division and has decided that the Unit will remain part of the company.
“HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees,” said Meg Whitman, HP president and Chief Executive Officer. “HP is committed to PSG, and together we are stronger.”
PSG has a history of innovation and technological leadership as well as an established record of industry-leading profitability. We are the No.1 manufacturer of personal computers in the world with revenues totaling $40.7 billion for fiscal year 2010.
We would like to take this opportunity to reconfirm HP PSG commitment towards all of its partners and sincerely hope that 2012 will be a prosperous year for all of us.
Best Regards,
PSG Africa
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