Hewlett-Packard would be better off splitting up its business operations, says Merrill Lynch analyst Steven Milunovich. The most valuable and established pieces of HP"s portfolio, such as its printing division, should be saved from the drag the rest of the company is experiencing, he says.
As Hewlett-Packard meets with analysts on Tuesday, there no doubt will be a provocative question going unanswered: Should HP break up in order to take advantage of its separate businesses?
The issue surfaced through Merrill Lynch analyst Steven Milunovich who wrote on Monday in a research note that HP would perform better by breaking up.
Milunovich, who has been outspoken about the performance of other companies, such as Sun Microsystems , has seen enough of Hewlett-Packard"s integration plan. He believes the most valuable and established pieces of HP"s portfolio, such as its printing division, should be saved from the drag of the rest of the company.