HP Unveils New PC Days After Saying It Exits Unit

aaron
August 22, 2011 01:08 PM

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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.

A HP Invent logo is pictured in front of Hewlett-Packard international offices in Meyrin near Geneva in this August 4, 2009 file photograph. Hewlett-Packard Co wants to buy Autonomy Corp for $10.3 billion and is pondering a spinoff of its personal computing arm, setting in motion a transformation that mirrors IBM's successful overhaul last decade, report said August 18, 2011.

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.

Reuters