HP/Compaq Merger Official Today

Posted by ryuzaki0 on Monday May 6, 2002 @02:40AM 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.

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Re:Content error by cballowe · 2002-05-06 05:16 · Score: 0, Troll

Read the article. It says:

It also will result in the loss of at least 15,000 jobs out of a combined work force of 150,000 during the next two years.

Not that 165,000 jobs will be cut....

-Chris

well -- you assume that the company will remain standing. If it falls, all of the jobs will have effectively been cut.

And - Tru64 is one of the best OSs out there. HP/UX needs an S somewhere in it's name - you can guess where. All of the good stuff that Compaq has is stuff they picked up when they bought DEC and didn't know what to do with. The Alpha rules the processor world, but Compaq insists on pushing PCs and not real machines. Anybody remember altavista.digital.com, now known as altavista.com. It wasn't built as a search service, it was built to show off the Alpha. There used to be a bunch of pages about the hardware and software behind it. DEC research had some of the best stuff that they just didn't know how to market.

I guess I'll find out how the merger goes, but my gut tells me not to like it.