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HP, Compaq Deal Approved

Posted by ryuzaki0 on from the massive-layoffs-coming-soon dept.

EyesWideOpen writes "The merger between Hewlett-Packard Co. and Compaq Computer Corp. (originally reported in this Slashdot story) is now official according to eWeek as well as SiliconValley.com. From the eWeek article:'Hewlett-Packard Co. today announced that it will complete its $19 billion buyout of Compaq Computer Corp. and that the merged companies will formally launch as the new HP on May 7.'For you investors out there, HP will begin trading under the new symbol HPQ on Monday." A message to the Interesting People list gives some insight into the shareholder voting procedure.

3 of 251 comments (clear)

  1. Re:HP-aq?! by Hanul · · Score: 3, Informative

    The desktop business is interesting, and the printer business is where the BIG money comes in, especially printer ink supply.

    PA-RISC is going to put to rest. 8900 will be the last PA-RISC CPU (currently it's 8700), then Itanium will take over completely. Same will happen to Alpha.

    There are some contracts to fulfill regarding VMS, but that does not mean there will be an emphasis on this OS. True64Unix will be phased out in favor of HP-UX, which MAY be replaced by Linux sometime in the future.

    The Compaq brands that will go on are the Intel stuff (ProLiants, notebooks) and handhelds. How the PCs are branded is unclear.

  2. Re:New stock symbol by Bruce+Perens · · Score: 5, Informative
    The stock symbol "HP" belongs to some mining company. This has been a source of confusion for a generation or so.

    Bruce

    --
    Bruce Perens.
  3. It's a matter of corporate culture by Bruce+Perens · · Score: 5, Informative
    The reason it's important is a matter of corporate culture. IBM does not have a person like me, and never will, because the corporate culture would not allow it. They can't "get it" to the extent that HP does. Nor would IBM employ the Debian project leader (Bdale Garbee).

    I don't think you need to question HP's Linux committment. We have to go where our customers are going, and we get very firm "Linux" signals from them.

    You now have Jim Gettys, me, Bdale Garbee, David Mosberger, and Jeremy Allison in the same company, along with another 100 people I really should mention. There's a bigger array of Linux expertise than VA ever assembled, and most of them are working on GPL projects, and are also driving the company significantly. That's got to be good for Free Software.

    Bruce

    --
    Bruce Perens.