MELISSA BLOCK, HOST:
From NPR News, this is All Things Considered. I'm Melissa Block.
ROBERT SIEGEL, HOST:
I'm Robert Siegel and now to All Tech Considered.
SIEGEL: We'll start with the big tech news of the day. One of the oldest and biggest computer companies in Silicon Valley - among the biggest in the world in fact - is splitting up. Here's NPR's Elise Hu to tell us more about Hewlett-Packard.
ELISE HU, BYLINE: It's not mentioned with the hot-tech company names anymore. Hewlett-Packard isn't Apple, Google, or Facebook. But in many ways, HP put Silicon Valley on the map when it was founded 75 years ago in a Palo Alto garage.
MARCO IANSITI: HP was Silicon Valley. That's how Silicon Valley started.
HU: Marco Iansiti is a professor at the Harvard Business School and leads the Tech and Operations Management Unit.
IANSITI: It's one of those sort of in a beautiful, kind of original Silicon Valley stalwarts that is in some ways winding down or breaking up into individual pieces.
HU: Both will be publicly traded companies with revenues of more than $50 billion annually.
MEG WHITMAN: We aim to be two big Fortune 50 companies but a lot more nimble, a lot more focused. Nimbleness may be the defining characteristic for technology companies over the next couple years.
HU: That's current HP CEO Meg Whitman. She'll head the new enterprise company - overseeing servers, networking, storage and the cloud business. HP Inc. gets the companies computing side - notebooks, desktops and the ubiquitous HP printers.
WHITMAN: This has been a very detailed and thoughtful process about how to roll this out to our many, many constituencies. So I feel really good about our plan.
HU: 5,000 HP employees will lose their jobs in this move. HP stock shot up 5 percent on the split-up news. It happens just a week after another Silicon Valley split. Just last Monday, eBay announced its payments on PayPal would spin off on its own. Harvard business school's Iansiti.
IANSITI: There's an explosion of connected devices that's changing business models for every sector and every company. And you can see the repercussions of that on all sorts of traditional businesses.
HU: ...Which means brace for more turbulence ahead.
IANSITI: I think we'll see a lot of uncertainty - a lot of churn over the next couple of years.
HU: And Hewlett-Packard will face that uncertainty as two companies rather than one. Elise Hu, NPR News.
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