HP’s PC Spinoff Would ‘Reinvent’ Company, Return to Roots
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By spinning off Hewlett-Packard Co.’s personal-computer business, Chief Executive Officer Leo Apotheker is shedding a unit the founders never liked anyway.
David Packard only reluctantly agreed to focus on PCs in the early 1990s. And Walter Hewlett, a board member and son of co-founder Bill Hewlett, mounted an unsuccessful campaign to block the 2002 acquisition of Compaq Computer Corp., a deal that vaulted Hewlett-Packard to the top of the PC industry.