Hewlett-Packard Said to Plan Split Into Two Companies

Hewlett-Packard Co. plans to split into two separate companies, a personal-computer and printer business, and corporate hardware and services operations, a person with knowledge of the matter said.

The company will announce the move today, said the person, who asked not to be identified because the plans aren’t public. The breakup will be a tax-free distribution of shares to shareholders next year, according to the Wall Street Journal, which first reported the split-up of Hewlett-Packard yesterday.