HPQ Combining Printing and Computer Business-Bloomberg

I’m glad to see that Meg Whitman is making some changes and I think this is a good start.  There is no doubt that HPQ has been underinvested in R&D and I think it is crucial for them to make the long term decision to focus on innovation.  With the stock trading at 6 times 2012 earnings, HPQ should buy back stock and stay away from any major acquisitions.

http://www.bloomberg.com/news/2012-03-20/hewlett-packard-said-to-combine-pc-with-printing-imaging-unit.html