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HP/Compaq Merger Official Today
Ankou writes: "Today (May 6th, 2002) marks the first day of the Hewlett Packard and Compaq merger. The finalized buyout of Compaq is expected to be done today and are expected to be working together "as a combined entity" by tomorrow. This also means a new stock symbol will replace the old HWP to the new symbol HPQ. Behind the hype this merger will cost, according resources at CNN on this article, a total loss of 15,000 more jobs with over 150,000 following the next two years. The same article details more information regarding the new merger and the recent events which have lead to today." Update: 05/06 15:03 GMT by T : Note: that job-loss figure is off; the 15,000 jobs projected to be cut are from a total of 150,000 between the two companies.
these layoffs are all the fault of big business capitalism... why if we were all communists like most of you /.ers want, we would all have jobs. Of course we would all be farmers, we wouldn't actually get paychecks, and oh yeah, we wouldn't have this internet thingy...
just makes me sick all the anti business stuff on here, lets all go work for the government because they somehow aren't as evil as a business.... then want to explain how America kicks everyones ass in just about everything?
Okay, mod me down, flame on, troll, and all that happy crappy, but after you do that go take Economics 101 at your local place of learning.