Sep 16, 2015 | By Kira

After long-rumored plans to make deep infrastructural changes within the iconic tech giant, Hewlett Packard has announced that as of November 1st, 2015, it will split into two publicly traded companies, HP Enterprise and HP Inc., with the latter vying to secure a leading position in the global 3D printing industry.

While Hewlett Packard Enterprise (HPE) will concentrate on selling computing equipment and services to large companies, HP Inc. will focus on personal computers and printing businesses. A key emphasis for HP Inc, however, is a brand new 3D printing division, to be headed by HP veteran and current head of printing services, Steve Nigro. Over the past few years, the company has been making inroads into the world of 3D printing, with its first 3D printer product line, based on their own Multi Jet Fusion Technology, set to launch in 2016. In addition, HP has slowly been forming partnerships across the industry, linking itself to big names such as Autodesk and Shapeways, and joining the 3MF Consortium early-on.

In an internal memo, Don Weisler—currently head of HP’s PC and printing division, but will be promoted to CEO of HP Inc. on Nov. 1—made a strong show of support for the company’s decision: “In order to build a longer-term sustainable company, you have to have the right mix of core business, growth initiatives, and have a vision for the future…When we announced our plans to separate, we knew that 3D printing would be a key area of innovation and growth for HP Inc. Our company is positioned perfectly to take advantage of our sophisticated intellectual property and know-how to transform industries and power the next industrial revolution.”

HP Inc. CEO Don Weisler

To illustrate Weisler’s emphasis on ‘core’, ‘growth’ and ‘future’ services and solutions, the infographics below show that in both personal computing and printing services, HP Inc. estimates that the majority of its revenue, $415B, will still come from its ‘core’ services and $155B will be generated from its growth strategies, which include expanding commercial mobility and improving drive graphics. Compared to those numbers, the $10-13B estimated to come from 3D printing and other future initiatives may seem minimal, but all that means is that the company will have to preserve its existing products and services until its line of 3D printers proves that it can effectively compete in the 3D printing market.

Meanwhile, Meg Whitman, currently Chairman, President and CEO of HP, will take the reigns at HPE as President and CEO. In their post-split fiscal outlook for 2016, the company boasted that the new, streamlined HPE will have more than $50 billion in annual revenue, while delivering $2.7B in ongoing annual cost reductions. In more sobering news, these large-scale transformations will result in 25,000 to 30,000 employees losing their jobs.

 

Posted in 3D Printing Company

 

 

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