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HP Won't Divorce PCs

Like a cash strapped couple, they can't separate

1 min read
HP Won't Divorce PCs

Back in August I commented on HP's plan-of-the-moment to spin-off its PC business. Following on its abortive effort at the tablet market, the move was a clear indication that the company was giving up on consumers. (My headline was "HP to Consumers: Drop Dead.")

But according to HP's new CEO, Meg Whitman, divorcing PCs from the rest of HP would be too onerous. From the AP story:

The company said that its evaluation of the business unit revealed a deep integration across key operations, such as its supply chain and procurement. Ultimately, the review found that the cost of recreating these operations in a single company outweighed any benefits of separating the PC unit.

So, does this mean the divorce is off, but the resentment remains?

No. Whitman seems to recognize that you can't make a half-effort in the PC business. HP plans to dive into ultrabooks and even take another swing at tablets, this time using Windows 8 instead of Web OS.

Last August I opined that we were in the "post-both-consumer-and-business-focused-technology-conglomerate era." But, I guess I'd forgotten about just how much it can cost to un-conglomerate. Good luck HP.

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The Spectacular Collapse of CryptoKitties, the First Big Blockchain Game

A cautionary tale of NFTs, Ethereum, and cryptocurrency security

8 min read
Vertical
Mountains and cresting waves made of cartoon cats and large green coins.
Frank Stockton
Pink

On 4 September 2018, someone known only as Rabono bought an angry cartoon cat named Dragon for 600 ether—an amount of Ethereum cryptocurrency worth about US $170,000 at the time, or $745,000 at the cryptocurrency’s value in July 2022.

It was by far the highest transaction yet for a nonfungible token (NFT), the then-new concept of a unique digital asset. And it was a headline-grabbing opportunity for CryptoKitties, the world’s first blockchain gaming hit. But the sky-high transaction obscured a more difficult truth: CryptoKitties was dying, and it had been for some time.

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