Under Todd, the HP PC-printer group would be worth $66 billion
Finally it’s confirmed. Amidst rumors and speculations in the media since last day or two, Hewlett-Packard Co., the largest PC manufacturer worldwide, has confirmed that it is set to merge its Imaging and Printing Group (IPG) and its Personal Systems Group (PSG). The merger, as the company has stated, is in line with the effort to drive a profitable growth of the company.
The new PC-printer unit would have total revenues of whopping $66 billion, with the PSG having a lion’s share of $40 billion out of the total. The merged entity would be headed by Todd Bradley, the Executive Vice President of the PSG unit of Hewlett-Packard. For sure, Todd would become a real powerful guy once both the entities merge.
HP has seven units in total including PSG and IPG. The others are Enterprise Servers, Storage and Networking (ESSN), HP Software, HP Financial Services (HPFS), and Corporate Investments.