Hewlett-Packard, one of the globe’s largest technology companies, has reversed its plans to dump its personal computing division, according to The New York Times.
HP had announced plans to sell the division in August, but the company has since seen substantial turmoil with the dismissal of chief executive officer Leo Apetheker and his replacement with current chief executive Meg Whitman.
“First and foremost, H.P. is a hardware company,” Whitman told the Times in an interview. “We want to build out our software, but I don’t think we are done yet on hardware. There is a lot of opportunity.”
Whitman added that the company’s other hardware divisions benefited from the existence of a large computing branch through access to low cost components and a larger established market.
The new leadership also pointed out problems with spinning off the company, as an independent personal computer company would lose brand value, which could prove even more difficult in an industry with high costs and low profit margins.
The Chicago Tribune reports that the company will lose the chief of its PC division, Phil McKinney, to retirement at the end of the year, though a blog post from McKinney suggests it was “not the traditional retirement.”