OK, I don’t really hate HP.  Congratulations HP on your turn-around.  And your laser printers work great (not the low-end “Personal LaserJets” though… they stink).  But man am I tired of the all the press over HP soon passing IBM in terms of revenue.  A scan of headlines reveals:

Maybe it’s just sour grapes because IBM has been feeling so tired lately.  OK… since the late 90s when IBM announced that 25% of their business was “from the Internet”.  There’s no real buzz surrounding the company.  My problem with the articles though, is that by and large they don’t mention that IBM has been selling off high revenue / low margin divisions for years.  IBM purged $9 Billion in annual revenue by selling the Thinkpad. That alone would put IBM head and shoulders above HP. IBM is (for now) substantially more profitable and more valuable than HP, but these facts are left out of the news.  It’s bad press for IBM when the only mention they get is half of a fact, used to bolster the case that a key competitor is overtaking them.