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HP may sell off small businesses and assets, says CEO Meg Whitman

HP may soon begin selling off some of the smaller businesses in its portfolio, said chief executive Meg Whitman at the Morgan Stanley technology conference in San Francisco earlier this week.

According to Whitman, the company is currently evaluating the feasibility of selling small businesses that may no longer fit its strategic objectives. However, she insisted that the company has no plans to sell any of its core operating divisions.

The HP CEO's words echoed a regulatory filing by the company last year that revealed plans to divest some of its businesses and assets that no longer offered any value to its objectives.

Whitman also claimed that HP is currently in a much more stable position than one of its key competitors in the worldwide PC market, perhaps a reference to Dell, which recently went private following a buyout.

Earlier this week, HP announced it is selling the WebOS mobile operating system to LG Electronics. According to reports, LG is planning to introduce the WebOS platform in some of its Internet-connected televisions.