HP has announced that it will keep hold of its PC division following an internal evaluation of strategic alternatives.
In a statement, HP's newly-appointed CEO Meg Whitman said "it’s clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees."
"HP is committed to PSG, and together we are stronger."
The U-turn follows a turbulent couple of months for the world's biggest PC maker, and reverses former CEO Leo Apotheker's plans to spin-off the company's Personal Systems Group (PSG).
In August, Mr Apotheker had suggested that the company would explore "a separation of PSG from HP through a spin-off or other transaction" in an effort to "sharpen HP's focus on cloud, solutions and software."
The proposed strategic re-think was met with doubt from analysts and investors, almost instantly wiping-out billions of dollars of shareholder value and triggering an abrupt end to Mr Apotheker's tenure as HP CEO.
In an effort to portray a more unified front, HP now states that its board of directors are "confident that PSG can drive profitable growth as part of the larger entity and accelerate solutions from other parts of HP’s business".
