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As HP tried to find a new niche for itself, rumors are arising that the company may combine its flagging PC business with its still successful printer division.

A story has been circulating today that originated over at All Things D that HP CEO Meg Whitman, formerly of eBay, is looking into combining the two divisions in an effort to streamline operations at the company.  Although HP has declined to comment on the story, Retuers has spoken with two sources within the company who have also said that the rumor is true.

Under the proposed plan, supposedly Vyomesh Joshi will step down from his current Vice President position, and Todd Bradley, the current head of the PC division, would head up the combined division.

All of this follows an abandoned plan from last year that saw HP considering selling off its PC division.  Once a popular brand of personal computers, HP's computer division has been hit hard as of late as tablets and smartphones have cannibalized some of the market.

Apparently Whitman's thinking this time around is that by combining the two divisions into one would increase the chances of someone purchasing both devices from the company out of convenience.

The timing of a possible official announcement has ranged from today to "soon."

[via All Things D]