Worldwide leading PC supplier Hewlett-Packard is reportedly considering an option to split up into smaller companies.
HP's board is apparently looking at options to "obtain maximum value for shareholders." Referring to unnamed sources, Quartz reported that said company directors have "discussed the details of a possible breakup scenario" alongside alternative options.
The company's share price has decreased by 75 percent in just over two years, with nearly 30,000 jobs set to be lost by the end of 2014. Shareholders and investors are said to have stressed that they want to see an increased return from their financial contributions. They believe the PC manufacturer is worth "much more" than its recent share price.
In its 10-K filing with the U.S. Securities and Exchange Commission, HP hinted at the possibility of selling certain divisions:
"We also continue to evaluate the potential disposition of assets and businesses that may no longer help us meet our objectives. When we decide to sell assets or a business, we may encounter difficulty in finding buyers or alternative exit strategies on acceptable terms in a timely manner, which could delay the achievement of our strategic objectives. We may also dispose of a business at a price or on terms that are less desirable than we had anticipated."
Former chief executive Leo Apotheker had planned to spin off HP's PC manufacturing arm, but it was rejected by investors – Apotheker subsequently departed. Elsewhere, the company faced an $8.8 billion charge due to its purchase of Autonomy, which had "serious accounting improprieties."