HP to split into two public listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. HP said its shareholders would own a stake in both businesses through a tax-free transaction next year. Each business contributes about half of HP's revenue and profit.
After HP Split Announcement:
Hewlett-Packard shares pop almost 7 percent on breakup news
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