Hewlett Packard (HPQ) To Merge Printer And PC Business

Hewlett Packard (NASDAQ:HPQ) announced plans today that will see its PC arm merged with its printer division. The strategic move will combine the divisions known as Personal Systems Group and the Imaging and Printing Group into a new behemoth division. The new division will with today's numbers account for around half of the computer company's revenues. The last quarter saw the two divisions bring in $15.1 billion compared with the company's entire take of $30.4 billion. The move is the first publicly important decision to be announced by Meg Whitman who has been the company's CEO...