HP combining printing, PC divisions

PALO ALTO, Calif. (AP) - March 21, 2012

The move comes at a time when sales of printers and ink, once HP's lifeblood, are falling amid declining demand and growing competition. HP is the world's No. 1 maker of personal computers. But PC sales are hurting, too, as people turn their attention to tablets and smartphones.

The Palo Alto, Calif., company says the combined unit will be led by Todd Bradley, executive vice president of the PC group since 2005. Vyomesh Joshi, executive vice president of the printing group, is retiring.

It's one of the first major steps taken by former eBay chief Meg Whitman since she became HP's CEO in September.

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