HP Shares Fell Down Dropping At 2.17 Percent Over Reorganization Announcement

Posted on Mar 22 2012 - 10:27am by Editorial Staff

With HP yesterday officially announcing an organizational realignment to improve performance and drive profitable growth across the entire HP portfolio. As part of this realignment, HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) are joining forces to create the Printing and Personal Systems Group. The combined entity will be led by Todd Bradley, who has served as the executive vice president of PSG since 2005. The company’s share price fell down more than two percent, losed down 52 cents to $23.46 a share, representing a drop of 2.17 percent in the wake of reorganization that re-combined its market-leading printer and PC business units into a single business group.

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.