Items tagged with PSG

The hard drive shortage, Oracle's assault on Itanium, and highly competitive scenarios in its ink-and-printer business combined to kneecap HP's earnings this last quarter. The company's net revenue fell seven percent, to $30 billion, while overall margins dropped to just 6.8 percent -- a decline of 3.7 percentage points. The steep decline in revenue was driven by a number of factors. Personal computing sales were down 15% year-on-year, imaging sales fell 7%, and enterprise server product revenue was down 10%. On the upside, HP's services business, software revenue, and finance division all grew... Read more...
In the wake of HP's announcement that it intends to investigate a PC spin off, the company has discovered one of the downsides to being the market leader:  It's hard to find a buyer. Samsung has recently announced it has no interest in acquiring HP's PSG (Personal Systems Group).  While Samsung's own PC business is quite healthy, with ten million units shipped last year, it's dwarfed by HP's estimated 64 million unit shipments over the same period. Samsung's CEO told Wired: "Based on the significant disparity in scale with Samsung’s own PC business and the complete lack of synergies,... Read more...