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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.

2 of 251 comments (clear)

  1. 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.
  2. 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.