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HP/Compaq Merger Official Today

Posted by ryuzaki0 on from the seems-to-have-happened dept.

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.

1 of 184 comments (clear)

  1. That makes two this week. by r_j_prahad · · Score: 1, Redundant

    Two funerals to go to, that is. The other was a longtime personal friend. Rest in Peace, H-P. I will miss you.