According to sources that spoke under the condition of anonymity to All Things Digital, Hewlett Packard is planning on combining its PC and printer divisions.
This amalgamation, should it occur, would be the first major change within the company since Meg Whitman took over in September after ex-CEO Leo Apotheker was usurped.
Mr. Apotheker had planned to spin off HP’s Personal Systems Group last summer, as the division was hemorrhaging cash.
HP’s print division – formally known as the Imaging and Printing Group – sells more printers and ink than any of its competitors, and enjoys the highest margins on its ink. The sources which spoke to All Things Digital said that HP wants to integrate the two lines so that it can approach customers together with unified product offerings.
In a late February earnings call, CEO Whitman discussed cost-cutting and simplification within the company at length.
If this reorganization were to take place, Vyomesh Joshi, who currently leads the printing division, would be replaced by Personal Systems Group boss Todd Bradley.
HP has publicly declined to comment on the report.
Shares in HP slid 0.9 per cent to $24.12 during afternoon trading.