Hewlett-Packard Set to Breakup

Silicon Valey based Tech company Hewlett-Packard has announced a plan to break up its franchise -into two companies. The company said it intends to divide itself into a company aimed at business technology, including computer servers and data storage equipment, software and services, and a company that sells personal computers and printers. The process will take a year, by October 2015.

The two emerging companies will be publiclytraded. The parent company will retain its logo. The PC half will be called HP Inc., while the business technology half will be known as Hewlett-Packard Enterprise.