The WSJ is confirming Bloomberg's report that Hewlett-Packard (HPQ -4%) will spin off its PC...

|By:, SA News Editor

The WSJ is confirming Bloomberg's report that Hewlett-Packard (HPQ -4%) will spin off its PC business, estimated by Gartner to have 17.5% market share in Q2, and says the company is close to a $10B deal to acquire Autonomy (AUTNF.PK). Ticonderoga's Brian White calls the spinoff a "long-term positive," but doesn't think it will help H-P in the near term.