HP will merge its printer and PC making business in a single business unit, the company just disclosed.
The move will have Vyomesh Joshi overseeing the new business. Joshi was previously in charge of HP's highly profitable printer business. The "personal systems group" however has disappointed CEO Carly Fiorina.
The two groups will still independently report their financial results, so this isn't merely a bookkeeping gimmick to hide the PC group's losses behind the printer's profits. That pretty much leaves one alternative reason for the reshuffling: HP thinks the management for the PC group has failed and hopes that the printer group's leadership can pull the unit afloat.
Cnet had an interview with Joshi in which he didn't say much about what the company wants accomplish. HP wants to become "more profitable" and to speed up the "time to market", but Joshi fails to explain how he plans to accomplish that with the new combined units.
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