Hewlett-Packard Co. has decided against spinning off or selling its PC division—a plan first brought to light in August by the technology conglomerate’s now former CEO, the Associated Press reports. HP said Thursday that it reached its decision after evaluating the impact to the company of jettisoning the business unit, which is the world’s biggest manufacturer of desktop and notebook computers for consumers and businesses. The unit supplies a third of HP’s revenue, and PCs are an area where the company is a market leader. But it is HP’s least profitable division, and its disposal was meant to be part of former CEO Leo Apotheker’s plan to transform the Silicon Valley stalwart into a twin of East Coast rival IBM Corp.: a company focused on businesses, rather than both businesses and consumers…

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