SAN FRANCISCO (AP) — Hewlett-Packard is moving forward with plans to split into two companies, filing paperwork to create a new entity that will sell commercial technology, while a separate spinoff will sell personal computers and printers.READ MORE: NFL Week 13 AFC East Preview: CBS Boston's Levan Reid Calls AFC East Title Fight A Battle Of 'Big Brother Vs Little Brother'
HP said in a regulatory filing Wednesday that the new company called Hewlett Packard Enterprise will include units of the old HP that sold computer hardware, software and tech services for large organizations. The papers show those units had $25.6 billion in sales over the last two quarters, with net earnings of $852 million.READ MORE: Spirit Airlines Brings Biometric Check-In To DFW Airport
CEO Meg Whitman, who will lead the new enterprise company, said in a statement that the split remains on track to occur by November.MORE NEWS: Heavy Police Presence At Garland High School After Gunfire Nearby
HP, meanwhile, said one of its senior executives, Bill Veghte, resigned this week to pursue an unspecified new opportunity.
(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)