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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. Evil + Evil = Evil by EHUDs_Rhino · · Score: 0, Troll

    This is fantastic. Thanks to the merger, I now have a one-stop shop for all the bad computer equipment I'll never buy.

    Thanks to Compaq and HP for making my life more convenient.

    --
    "I think you guys with quotes in your signatures should go have an original thought." -- Dan Miller
  2. Do Slashdot topics ever get retired? by JordanH · · Score: 1, Troll
    'Bout time to retire that Digital topic, don't you think?

    Or, are you keeping it around for nostalgia stories like this one?

  3. Re:Can anybody clarify this? by mekkab · · Score: 2, Troll

    Yup. The board chose not to "invite" back the lone trouble maker. This is the first time there is neither a Hewlett nor a Packard on the board.

    I mean, what are you going to do to the whiny, cray-baby loser who just cost your company (and share holders) MILLIONS in advertising alone?! (not to mention of the proxy votes being sent, re sent, and sent yet again).

    Share holders shoulder that cost. So if you own stock, give yr thanks to Walt. A raspberry over the phone at 3am would be lovely!

    --
    In the future, I would want to not be isolated from my friends in the Space Station.