HP unveils new PC days after saying it exits unit

SAN FRANCISCO Mon Aug 22, 2011 2:19pm EDT

An HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva August 4, 2009. REUTERS/Denis Balibouse

An HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva August 4, 2009.

Credit: Reuters/Denis Balibouse

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SAN FRANCISCO (Reuters) - Hewlett-Packard launched a new desktop on Monday, days after the technology company revealed plans to spin off or sell its personal computer unit.

HP billed the new computer -- the HP Compaq 8200 Elite All-in-One Business Desktop -- as the "first all-in-one PC" aimed at corporate and public sector customers.

The California company said on Thursday that it might spin off the world's largest PC business -- part of a wrenching series of moves away from the consumer market, including killing its new tablet.

HP has has been struggling in the PC market -- a low-margin but high revenue business -- as niftier gadgets like Apple Inc's iPad have lured away consumers.

Shares of HP, which fell 20 percent on Friday, were up 4.2 percent at $24.59 in afternoon trading on the New York Stock Exchange in a market that was broadly up.

(Reporting by Poornima Gupta, editing by Gerald E. McCormick)

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Comments (5)
MrHumpty wrote:
You do realize. They announced they were ditching their consumer pc division. This is a business desktop.

Aug 22, 2011 3:19pm EDT  --  Report as abuse
danstl wrote:
Obviously nobody know anything… HP never said anything about dumping its enterprise PC sales… Their consumer and corporate sides are VERY different. Being a EDU/Enterprise customer I am not even allowed to purchase products from the consumer side…

Aug 22, 2011 4:27pm EDT  --  Report as abuse
Jeepgirl wrote:
HP is keeping the PC business. All of it. Only the Palm stuff was cancelled. Just an FYI. HP has the #1 line.

Aug 22, 2011 7:23pm EDT  --  Report as abuse
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