Monday, November 02, 2015

HP Splits Today - what about HP Labs?

With the opening bell on the New York Stock Exchange minutes away, and the official beginning of trading of the two companies' shares ($HPQ for HP Inc and $HPE for HP Enterprise), all the planning and much of the speculation is behind us.

While completing a story on some new LaserJet printers recently (see "HP Printer Group Keeps Minding Customer Needs with new LaserJets for the Enterprise"), and their emphasis on data security, I wondered about this being perhaps a worry for the PC and Printer company (HPQ). Specifically, would it be a problem putting distance between them and their security-focused Enterprise mates, going from being all under-the-same-corporate-roof to being in separate companies. My HP Inc contacts assured me the relationship would simply evolve into a strong partnership, one like they have with so many companies already. And an HP spokesperson, when asked about the venerable HP Labs and how the split affects them, responded,

"HP Labs will be divided based on research area. Shared research between the two companies will remain with Hewlett Packard Enterprise, with a licensing agreement to HP Inc."

With that said, congrats are in order to CEO Meg Whitman and all my friends at both HP Enterprise and HP Inc!!!

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