(Bloomberg) -- Hewlett-Packard Co. is well on its way to splitting into two separate companies around Nov. 1, Chief Executive Officer Meg Whitman told shareholders at the company’s annual meeting.

One of the companies will be named HP Enterprise and will focus on supplying businesses with software, services, and hardware, and be led by Whitman. The other, HP Inc., will sell personal computers and printers to businesses and consumers, and be run by Dion Weisler.

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