Hewlett-Packard Plans to Sell Assets, Keep PC Business

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By Trey Thoelcke Published
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Hewlett-Packard Co. (NYSE: HPQ) has filed its 10-K, and among its top disclosures was that the troubled tech company may sell some of its assets. Actually, the comments should not surprise anyone. HP loses so much money that it must have units that are bleeding red ink.

Oddly enough, the filing indicates that personal computers are one business that HP will keep. The PC industry has become less and less attractive to both manufacturers and investors. Consumers increasingly have replaced PCs with smartphones and tablets. HP has no market share in either sector. And the chance to enter these markets with any success is gone.

HP may claim it could sell off some of its operations. That might include its services business — the former EDS — the value of which already has been written down, or its Autonomy division, the owners of which HP has said committed fraud. It may be that the public corporation is best off, at least in terms of stock holders, to sell off the entire company in pieces.

Douglas A. McIntyre

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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