Got this from my significant other, who happens to be an assistant vp of
private banking and investing at keycorp...

H-P Sets Restructuring That Splits
Company Into Two Public Entities
Measurement Unit to Become Independent,
May Hold Initial Public Offering This Year
An INTERACTIVE JOURNAL News Roundup


Hewlett-Packard Co. announced plans to break the computer giant into two
separate publicly traded entities,
splitting its old line measurements business apart from its printer and
computer business.

In an announcement made near midday Tuesday, H-P said it would consider
holding an initial public
offering for 15% of the measurement company later this year, with the rest
of the shares distributed tax-free
to current H-P shareholders after the IPO.

The company said the split-up wouldn't result in any layoffs.


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David Burney                    [log in to unmask]
Summit Racing Equipment   http://www.summitracing.com
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We praise or blame as one or the other affords more
opportunity for exhibiting our power of judgment.
                                           - Friedrich Nietzsche
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  All opinions expressed herein are my own and reflect,
               in no way, those of my employer.
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