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CTL’s Erik Stromquist Discusses HP’s Decision To Quit The PC Business With CRN

CRN - Computer Reseller News

 

 

Excerpt:


HP Partners, System Builders Jazzed About PC Spin-Off

By Kevin McLaughlin, CRN
August 18, 2011 4:21 PM ET

… Hewlett-Packard (NYSE:HPQ) on Thursday said it’s looking into a spin-off of its Personal Systems Group (PSG), confirming earlier reports from The Wall Street Journal and Bloomberg.

HP’s consumer PC client sales dropped 23 percent year-over-year in Q2, and 12 percent in Q1. Although commercial PC sales are still growing, the consumer weakness has contributed to HP’s lowering of guidance in its past two quarters.

HP isn’t alone in dealing with PC market malaise: Dell is also grappling with it and earlier this week slashed its fiscal year 2012 guidance.

“Erik Stromquist, COO of CTL, a Portland, Ore.-based custom system builder, sees PC market weakness as a chance for the channel to swoop in and grab business. “As the Tier 1 vendors retrench, there is an opportunity for the channel to grow their businesses in the local and regional markets they serve,” Stromquist said in an email.”

Read the full article here: www.crn.com