Jim Cramer Is Watching Hewlett Packard Next Week as the Company Becomes Two - Video - TheStreet

Jim Cramer Is Watching Hewlett Packard Next Week as the Company Becomes Two

As of Monday, HP will be two smaller companies -- HP Inc. which will sell PCs and printers and HP Enterprise which will sell software and data center technology services.
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TheStreet's Jim Cramer is watching Hewlett Packard (HPQ) as the company splits into two. As of Monday, HP will be two smaller companies -- HP Inc. which will sell PCs and printers and HP Enterprise which will sell software and data center technology services. Each will trade separately on the New York Stocks Exchange beginning Monday. HP Enterprise will trade under the ticker HPE. Cramer says, 'I think both sides of the equation might actually be buys. Now this is for trade, not for investment because I don't think long term that this company, either piece, necessarily is going to be that good unless they start doing acquisitions.' Cramer continues, 'My reasoning for this is that I think the PC side of things has begun to stabilize and I think that the printer side of the thing could be able to make acquisitions that could make it so that it becomes dominant. The one thing you have to recognize is that the printer side of things has been hurt by the weakening of the yen, if you see the yen get stronger, that's really going to be good news for the HP portion of the breakup.' The split is the biggest in Silicon Valley history.