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HP (HPQ) Prefers Spinoff of PC Unit -CNBC

August 29, 2011 5:03 PM EDT
CNBC reporting HP (NYSE: HPQ) has said it prefers a spinoff of its Personal Computers unit. CNBC cites a company statement directly from HP.

The stock sold off by nearly 30 percent a couple weeks ago following rumors of action on the PC unit, as well as extremely concerning earnings and guidance.


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