HP to split into 2 companies

HP announced Monday that it plans to put its PC and printer operations under one roof under the name HP Inc., and its business that provides software and services to corporate customers under another under the name HP Enterprise.

The company said the split will give both companies the focus, financial resources and flexibility to adapt more quickly to the market, while also raising the stock value for shareholders.

"Being nimble is the only path to winning," CEO Meg Whitman said on a conference call with investors.

The split is expected to be completed by the end of next year, reports said.

By Ruchi Singh

Park Sae-jin swatchsjp@ajunews.com