Skip to main content

SEOUL (

TheStreet

) -- South Korean technology giant

Samsung

has put an end to chatter that it's eyeing

HP's

(HPQ) - Get HP Inc. (HPQ) Report

troubled PC business, which may be spun off or sold as part of the

tech bellwether's controversial new strategy

.

"The recent rumors that Samsung Electronics will be taking over Hewlett-Packard Co.'s personal computer business are not true," explained a Samsung spokeswoman, in an email to

TheStreet

.

Speculation is mounting about the future of HP's WebOS software.

A

blog post

entitled 'Regarding Recent Rumors About Samsung's PC Business' that appeared on the company Web site on Thursday reiterated this message. "We hope this clarifies any confusion that may have occurred," it added.

Recent

media reports

TheStreet Recommends

suggested that Samsung was considering HP's PC operation, a move that was seen as a credible strategy by Shaw Wu, an analyst at Sterne Agee.

Wu cited Samsung as a logical buyer given its large size and global ambitions in a note released on Thursday, but added that other potential suitors could include

Acer

,

Lenovo

,

Sony

(SNE) - Get SONY GROUP CORPORATION SPONSORED ADR Report

, and possibly even

Dell

(DELL) - Get Dell Technologies Inc Class C Report

.

HP shares were up 55 cents, or 2.24%, to $25.09 on Thursday.

--Written by James Rogers in New York.

>To follow the writer on Twitter, go to

http://twitter.com/jamesjrogers

.

>To submit a news tip, send an email to:

tips@thestreet.com

.