In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.
Q: Hewlett-Packard Co. (HPQ) is splitting into two companies, using a breakup to become nimbler after failing to keep up with the shift away from the printing and personal-computing businesses it pioneered. 
  
 Chief Executive Officer Meg Whitman will lead Hewlett-Packard Enterprise, a new company focusing on corporate hardware and services, while Dion Weisler, the vice president in charge of personal-computer and printer operations, will become CEO of that business, called HP Inc., Hewlett-Packard said in a statement today. 
  
 Whitman is reversing an earlier position that the company should remain a single enterprise. When she took the helm in September 2011, as the fourth CEO in 2 1/2 years, she ended plans by her predecessor to spin off the PC unit. Hewlett-Packard, which had set the pace in computers for decades, had embarked on a rapid expansion plan through acquisitions -- some of them controversial -- followed by tumultuous years of strategy shifts, cost-cutting and reduced profit targets. Now Whitman is pursuing the kind of spinoff plan that’s gathering steam at other technology companies. 
  
 “It puts them in a better position than they would have been yesterday or even a couple years before, but it’s still a very competitive marketplace,” said Peter Wahlstrom, an analyst at Morningstar Inc., who has a hold rating on the stock. “Enterprise is really where a lot of the growth is, and then you’ve got the PC-printing business which is a little bit more an annuity, a stable steady-eddie.” 
  
 ‘Nimbleness, Speed’ 
  
 Related: HP Split Is Latest Chapter in Whitman’s Change-Filled Career 
  
 Whitman said the board’s annual review of the company’s turnaround showed that its balance sheet and leadership were now strong enough to support the split. The breakup will let the two companies focus on the rapid changes in their respective markets, she said. 
  
 “Nimbleness and speed are going to be an important part of the future,” Whitman said in an interview. “By separating into two companies with quite distinct markets, with quite distinct customers, we’ll be able to move faster to take advantage of the changing customer needs and accelerating our product and innovation road map.” 
  
 Hewlett-Packard shares rose 4.7 percent to $36.87 at the close in New York. They have gained 32 percent this year, after almost doubling in 2013. 
  
 EBay, EMC 
  
 Other technology companies have undertaken similar transformations as they seek to keep up with a shifting market. Last week, EBay Inc. (EBAY) announced that it would spin off its PayPal unit. EMC Corp. (EMC), a maker of storage computers, is exploring strategic options that could include a full or partial sale, or a spinoff of VMware Inc. (VMW), and has also held merger talks with Hewlett-Packard, people familiar with the matter have said. 
  
 International Business Machines Corp. (IBM) has been shedding its hardware operations, including selling its PC unit to Lenovo Group Ltd. (992) in 2005 and its low-end server unit to the Chinese company this year. 
  
 Hewlett-Packard’s breakup will be a tax-free distribution of shares to shareholders. Whitman will also become chairman of the PC and printer company, while current lead independent director Patricia Russo will be chairman of the enterprise unit, Hewlett-Packard said. 
  
 Planned job cuts will increase to 55,000 and costs to restructure will be about $600 million. That’s compared with as many as 50,000 previously projected, Palo Alto, California-based Hewlett-Packard said in a presentation today. 
  
 Apotheker, Hurd 
  
 Before Whitman arrived at the helm, Hewlett-Packard had been beset by management and strategic stumbles. Under CEO Leo Apotheker, her predecessor, the company acquired U.K. software maker Autonomy Corp., a deal that resulted in the company taking an $8.8 billion writedown in 2012 and mired the company in lawsuits to this day. Apotheker had succeeded Mark Hurd, who left in August 2010 after the board said Hurd violated Hewlett-Packard’s code of business ethics. 
  
 Carly Fiorina, Hurd’s predecessor and the first outsider hired for the CEO job, in 1999 sold Agilent Technologies Inc. (A), the electronic instruments division closest to the company’s roots. 
  
 Two years later, Hewlett-Packard bought Compaq Computer Corp., the PC manufacturer. Fiorina was fired in early 2005 after she missed Wall Street’s numbers too often. 
  
 Spinoff Discussions 
  
 The breakup announced today may partially vindicate Apotheker, whose plan to spin off or sell the PC division was poorly received by investors and contributed to his 2011 exit after less than a year. 
  
 The idea of Hewlett-Packard spinning off or separating the printers and PCs businesses has come up in the merger discussions between EMC and Hewlett-Packard, a person familiar with the matter said. The plan would have been to have a combined company focusing on areas such as storage, servers, software and security, the person said. 
  
 Whitman has been introducing new products and cutting jobs since she took over as CEO in September 2011, seeking to turn around the 75-year-old Silicon Valley company. The company has fallen behind in mobile computing at a time when consumers have migrated to smartphones and tablets, and last year lost its place as the largest maker of PCs to Lenovo. 
  
 “The consumer space moves like lightning speed,” Whitman said today. “What has been surprising is how fast the enterprise space is moving.” 
  
 Hewlett-Packard Enterprise may have to look to acquisitions to take on competitors such as IBM and Oracle Corp., Morningstar’s Wahlstrom said. 
  
 “I don’t see HP as really playing at the high end with IBM and Oracle,” he said. “You start wondering, does HP Enterprise then look to do another transformational acquisition or move, pair up with an EMC or someone else?” 
  
 Annual Revenue 
  
 Hewlett-Packard’s printing and personal-systems group reported $55.9 billion in revenue in the company’s latest fiscal year, compared with $55.6 billion for the technology solutions group, which provides systems support and consulting for other companies. The PC and printing units had a combined operating profit of $4.84 billion, while the corporate services division had operating income of $5.85 billion. 
  
 Earnings per share for the year through October 2015 will be in a range of $3.23 to $3.43, Hewlett-Packard said today. Profit in the current financial year will be $2.60 to $2.64 a share. HP expects to generate free cash flow of $6.5 billion to $7 billion in 2015 and expects to return at least half of this to shareholders. 
  
 Corporate Functions 
  
 The company estimates it will complete the breakup by the end of fiscal 2015, which ends in October of next year. The company will need to hire some employees to double up corporate functions to accommodate the separation, Chief Financial Officer Cathie Lesjak said in an interview, though she said these hires will be “fairly immaterial.” 
  
 The company said it has postponed a meeting with financial analysts scheduled for Oct. 8 in San Jose, California. 
  
 Goldman Sachs & Co. is Hewlett-Packard’s financial adviser and Wachtell, Lipton, Rosen & Katz is providing legal assistance. 
  
 At least one Hewlett-Packard rival, PC maker Dell Inc., was already attempting to make hay from the breakup. 
  
 “Dell is singularly focused on its customers and partners and is committed to providing end-to-end IT solutions that they need,” David Frink, a Dell spokesman, said in a statement. “HP’s decision to break apart its business is complex, distracting and appears to benefit HP and its shareholders more than its customers.” 
  
 (An earlier version of this story was corrected to remove an erroneous reference to Whitman’s stake in the fifth paragraph.) 
  
 To contact the reporter on this story: Jack Clark in San Francisco at jclark185@bloomberg.net 
  
 To contact the editors responsible for this story: Pui-Wing Tam at ptam13@bloomberg.net Jillian Ward, John Lear ||||| Computing giant Hewlett-Packard has confirmed its plan to split into two companies, and will cut another 5,000 jobs in the process of carrying out the breakup. 
  
 As originally reported, the plan calls for the creation of two new companies. HP Inc. is to be focused on the personal computing and printing business, and to include its 3D printing business as well as what it described as “new computing experiences.” Hewlett-Packard Enterprise will focus on corporate computing, software, infrastructure and services as well as its finance division. 
  
 HP shares are rising by more than eight percent in pre-market trading on the news. 
  
 The announcement of new job cuts brings the total eliminated under Whitman’s tenure as CEO to 55,000. The new cuts are being spun as separate from the prior program of job cuts, which earlier this year topped out at 50,000. The new cuts amount to about 1.5 percent of its total workforce. HP’s last disclosed headcount was 317,500 as of last October, but it has announced cuts of between 11,000 and 16,000 since then. 
  
 CEO Meg Whitman will run the enterprise company and will be chairman of the PC and printing company. CFO Cathie Lesjak will remain with the enterprise company. Dion Weisler, the current head of the printing and personal systems group, will head up HP Inc. Pat Russo will be chairman of HP Enterprise. 
  
 Here’s a statement from Whitman in the press release: 
  
 “Our work during the past three years has significantly strengthened our core businesses to the point where we can more aggressively go after the opportunities created by a rapidly changing market… The decision to separate into two market-leading companies underscores our commitment to the turnaround plan. It will provide each new company with the independence, focus, financial resources, and flexibility they need to adapt quickly to market and customer dynamics, while generating long-term value for shareholders. In short, by transitioning now from one HP to two new companies, created out of our successful turnaround efforts, we will be in an even better position to compete in the market, support our customers and partners, and deliver maximum value to our shareholders.” 
  
 The transaction will be completed by the end of next year. 
  
 HP also reiterated its guidance for 2014, saying it expects to post a profit of between $3.70 and $3.74 per share and to make between $3.83 and $4.03 per share in 2015. The 2014 guidance is in line with what analysts already expect. The guidance for 2015 is somewhat better than the $3.95 per share consensus view. 
  
 The statement contains a few other details. Goldman Sachs is serving as HP’s financial advisor while the law firm of Wachtell, Lipton, Rosen and Katz is on board as a legal advisor. 
  
 The company also said it will postpone its analysts meeting, which had been scheduled for Wednesday in San Jose, Calif. 
  
 Also, there’s this: Former HP Chairman Ralph Whitworth, the head of the activist investor firm Relational Investors who left HP’s board in July following a recurrence of throat cancer, just issued a statement giving his stamp of approval to the breakup. He called it a “… Brilliant value-enhancing move at the perfect time in the turnaround.” 
  
 The statement goes on: 
  
 “Today’s announcement sets out bold, logical and highly compelling steps that will align the company’s assets within more strategically and operationally focused corporate structures. Shareholders will now be able to invest in the respective asset groups without the fear of cross-subsidies and inefficiencies that invariably plague large business conglomerates….At the same time, management can better design strategic plans, incentives and market initiatives to suit the varying growth rates, capital intensity, and market objectives of these more focused and nimble companies. The new companies will be better positioned to address today’s light-speed market dynamics and customer needs, and with distinct and compelling financial profiles and strong leadership teams, accelerate growth and shareholder value creation.” 
  
 Relational had at one time owned about two percent of HP’s shares during a period when they were losing value. Relational has since sold some of its position, but still owns about 1.5 percent of HP’s outstanding shares, according to SEC filings dated March 31. It is now winding down its operations. |||||
A: 
Hewlett-Packard is splitting itself into two companies: one focused on its personal computer and printing business and another on technology services, such as data storage, servers, and software, as it aims to drive stronger profitability. The company says the PC and printer business will use the name HP Inc.; Re/code notes that HP Inc. will include an arm devoted to 3-D printing as well as to-be-determined "new computing experiences." The services business will take the name Hewlett-Packard Enterprise. HP CEO Meg Whitman will lead the Enterprise business. The split is a reversal for Whitman, who aborted a 2011 attempt started by previous CEO Leo Apotheker to spin off the PC and printer side, Bloomberg reports. HP PC and printer chief Dion Weisler will be CEO of HP Inc. The company, based in Palo Alto, Calif., has laid off tens of thousands of employees in recent years due to flagging sales as customers turn to mobile devices to perform basic computing chores, a shift that has curbed demand for HP's desktops and laptops, as well as its printers.