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Report: HP to sell PC business, move toward software and the cloud

Consumer Reports News: August 18, 2011 02:58 PM

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Update: The Wall Street Journal reports that HP will also spin off its TouchPad tablet computers.

Reports are circulating today that electronics giant Hewlett-Packard, the world’s largest PC maker, is selling the PC side of its business, and that it is acquiring a company called Autonomy Corp. for $10 billion. U.K.-based Autonomy offers programs used in database search.

Autonomy confirmed it is in talks with Hewlett-Packard, reported Bloomberg, which cited “people with direct knowledge of the matter” for news of the possible acquisition and change of business strategy for HP. The unnamed sources also said HP may unveil this news as early as today.

Leo Apotheker, HP's CEO since November, has said he wants to focus on businesses such as software and cloud services and move away the PC business. Growth in personal computers has slowed with the advent of smart phones and tablet computers.

In what could be a confirmation of HP's new focus, the company has announced that it wants to expand its WebOS platform beyond smart phones and tablets and bring it to cars and appliances.

HP to Spin Off PCs, Eyes Software Purchase [Bloomberg]

Carol Mangis

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