Excellent analysis - JLG is right on the mark here. (I liked it in part because he too brought up the obvious question not many are asking - Why did HP prematurely declare spinning off of their PC business when the uncertainty can kill off sales and undervalue any sale of PSG. It pissed off the investors too.)<p>For fun he suggests Microsoft buy HP's PC business - amusing! If they did end up buying it though Microsoft might have a chance at going after Apple with integration. Highly unlikely though - not because that will piss of their partners (they have nowhere to go) - but Microsoft doesn't really need a volatile, costly and low margin PC business to provide integration - there are cheaper/better ways of doing it.