The following appears on wsj.com

As Hewlett-Packard Co. prepares to split itself in two, it is confronting a harsh reality: Fewer people want to buy a personal computer.

H-P on Thursday reported a 13% drop in quarterly profit. Revenue at the technology giant fell 8%, the 15th decline in the past 16 quarters, dragged down by weak PC sales and currency woes.

The results were H-P’s last before a planned Nov. 1 breakup into a PC-and-printer maker that racked up $56 billion in sales last year, and a $55 billion server, services and software company. The results suggest tougher times ahead as demand shifts toward mobile and cloud computing from PCs.

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