Market Overview

Quartz: Hewlett-Packard Considering Breaking Up Company

According to Quartz, Hewlett-Packard (NYSE: HPQ) is considering splitting up the company. Quartz cites sources close to the company's board.

Shares of H-P rallied more than six percent in after-hours trading Tuesday.

Such a notion has floated around the market for quite some time; in fact, H-P itself announced that it would spinoff its PC business in the fall of 2011. However, after then-CEO Leo Apotheker was relieved of his position, new CEO Meg Whitman reversed the move, instead keeping H-P together.

Its interesting that this news comes right on the heels of Dell's (NASDAQ: DELL) decision to take the company private in a LBO deal.

Posted-In: News After-Hours Center Movers Tech Trading Ideas Best of Benzinga

 

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