"On Sunday, Hewlett-Packard will no longer be a single business. Instead, it will start a new era as two publicly traded companies, Hewlett Packard Enterprise and HP Inc. This is not the first seismic shift to shake the storied tech pioneer-it spun out its bread-and-butter test and instruments division as Agilent (A) in 2002 - but it is definitely the biggest. Hewlett Packard Enterprise will sell servers, software, storage, networking and associated services."
"Exactly when things went off the rails is subject to debate, but many point to the controversial acquisition of Compaq Computer in 2001 by HP's then-CEO Carly Fiorina as the start of the decline. Since then, the company's had to weather such self-inflicted wounds as a pretexting scandal in which a board member, an executive and HP-paid investigators faced criminal charges for spying on journalists; the $1 billion acquisition of Palm Computing in 2010 to beef up HP's mobile capabilities;"
On Sunday Hewlett-Packard will split into two publicly traded companies: Hewlett Packard Enterprise and HP Inc. Hewlett Packard Enterprise will sell servers, software, storage, networking and related services. HP Inc. will sell printers and personal computers. The company previously spun off its test and instruments division as Agilent in 2002. Leadership changes and major acquisitions altered the company’s trajectory, with the 2001 acquisition of Compaq often cited as a turning point. Subsequent scandals and acquisition missteps included a pretexting scandal, the $1 billion purchase and later sale of Palm, and multibillion-dollar write-downs tied to EDS and Autonomy, followed by CEO turnover.
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