The Haus

Wednesday, March 20, 2002

HP Claims Victory -- 10:46 am CST, Update by A.T. Hun

Hewlett-Packard CEO Carly Fiorina is claiming that they have enough shareholder votes to approve the merger with Compaq. For the life of me, I still can't understand this merger, unless their goal is to destroy thousands of jobs. I cannot see either company benefitting from this and I have yet to hear a Wall Street analyst give any reasons why this is a Good Thing. I've a feeling this merger will become a case study in business schools on how not to do things.

J.t.Qbe comments: On the other hand, I've read that the Packard family is claiming that the merger hasn't been approved. It's been interesting to read about some of the tactics used to push for stockholder approval of this merger. You can be sure that SOMEONE will benefit from this (if it is approved), though they may not be saying so (or how much). . .

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