Hewlett-Packard Stock Jumps on News of Split


Hewlett-Packard stock promptly shot up at this morning's opening bell of the New York Stock Exchange.

Shortly after the bell, HPQ jumped more than 4 percent, trading at approximately $36.60 per share.

That came in the shadow of Sunday's big news that HP planned to split into two companies, separating its computer and printer businesses from its corporate hardware and services operations.  Rumors began bouncing across the globe as to the reason for the move, but HP reportedly held recent merger talks with storage and cloud-computing firm EMC recently as a possible foray into more online services.

In 2011, HP considered spinning off its PC division but ultimately decided against the idea.

HP employs more than 300,000 people across the globe, including its Boise campus. The company is still one of the Treasure Valley's biggest employers; it's believed that the Boise operation includes nearly 4,000 workers.

Interestingly, HP Chairman, President and CEO Meg Whitman will be a keynote speaker later this month at Gov. C.L. "Butch" Otter's Trade and Business Conference, scheduled for the Boise Centre on Oct. 22. Whitman and former presidential candidate Mitt Romney are both scheduled to address the half-day conference.