Building a tougher, more agile HP

In a move to make Hewlett-Packard "a little more agile, a little tougher," chief executive Lew Platt announced a number of new initiatives to revitalize the company that he now plans to leave. HP will spin off its testing and measurement division, and offer new "e-services" to drive more revenue from the Internet.

Platt: HP to unveil "e-services" soon Along with splitting the company, Hewlett-Packard will begin to offer storage capacity on a rental basis, act as a secure backbone for e-commerce, and more. HP feels the need for speed, agility update HP's reorganization is part of a larger plan to reinvigorate a company that lacks agility in the marketplace and struggles to capitalize on its strengths. CEO to step down after major shakeup update Hewlett-Packard will split off its test and measurement division into a separate company in a major reorganization that will culminate with the retirement of Lewis Platt as CEO.