|IBM CEO Sam Palmisano will step down next year.|
HP ( HPQ) will keep its PC division, the company's CEO Meg Whitman announced on Thursday, after spending the last few months considering a spinoff of its computer business. > > Bull or Bear? Vote in Our Poll The possible PC spinoff, one of a host of strategic changes announced by the company's former CEO Leo Apotheker earlier this year, proved massively unpopular with investors. Ultimately, the strategy contributed to Apotheker's ouster last month. "HP objectively evaluated the strategic, financial and operational impact of spinning off PSG. It's clear after our analysis that keeping PSG within HP is right for customers and partners, right for shareholders, and right for employees," explained HP CEO Meg Whitman, in a statement released after market close. Whitman's move won plaudits on Wall Street, although analysts have warned that she still has lots of work to do before HP gets back on track. HP's shares ended the week up 95 cents, or 3.52%, at $27.95.