| Major |
Posted
on 21-Mar-02 10:13 AM
Houston, we have a merger
By Ian Fried
Special to ZDNet India
Thursday, March 21, 2002
As expected, Compaq Computer shareholders have approved a
deal for the company to be acquired by Hewlett-Packard,
Compaq said Wednesday.
An ebullient Compaq CEO Michael Capellas said in a
conference call after the meeting that shareholders
appeared to have voted 9-to-1 in favor of the deal,
adding that soon the heavy lifting of putting the two
companies together would begin.
"It is going to be a company that operates in over 103
countries," he said. "The real challenge is moving things
down in an organization with the same consistency."
Compaq alone spent slightly more than $50 million on
merger-related expenses in the past six months. "There
was a lot of advertising," Capellas said. Sources
estimated that HP may have spent up to $100 million on
the project. . . .
[...]
This is only an excerpt -- read the complete news at:
http://www.zdnetindia.com/news/international/stories/52831.html?slink=nsl
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