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Both IBM and Sony sold their PC business. Dell showed us how well stand alone PC business with low margins fares on the stock market. I wonder why HP toke a di
by italophil 12y ago
Both IBM and Sony sold their PC business. Dell showed us how well stand alone PC business with low margins fares on the stock market.
I wonder why HP toke a different approach, no buyer, no immediate need for cash or something else?
- adventured 12y agoThey definitely don't need cash - they got back to a $5b profit last year; $14b in cash; $9b in long-term investments. They do have a mediocre balance sheet at best, but in the current (temporary) low-cost-of-debt environment, they likely aren't worried about cash vs debt. I'd go with the 'other' category. Either buyers won't offer what they think it's worth, or they liked the synergy with printers (and now they get to spin off both simultaneously).