[From today's Globe and Mail] Merrill Lynch's top analyst Steve Milunovich says HP would be worth more to shareholders if it was in two parts – a topic that likely won't come up at today's analyst meeting.
The HP name should stick with a company that sells printers and consumer technology products, and the other should find a new name and sell just computers and high-end services for business customers, he said.
“Experience teaches that focus wins,” Mr. Milunovich said in a research note published today. “Resource allocation and mindshare are likely to be enhanced. HP can differentiate with investors by aggressively returning excess cash to shareholders through a higher dividend or greater share repurchase.”