Palo Alto, Calif. - Hewlett-Packard announced its personal systems group (PSG) will remain part of the company.
"HP objectively evaluated the strategic, financial and operational impact of spinning off PSG," Meg Whitman, HP president and CEO, said in a statement. "It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees. HP is committed to PSG, and together we are stronger."
The company said its review revealed "the significant extent to which PSG contributes to HP's solutions portfolio and overall brand value ... it also showed that the cost to recreate these in a stand-alone company outweighed any benefits of separation."