Company Research
On September 4, 2001, Hewlett-Packard Company and Compaq Computer Corporation announced a definitive merger agreement to create an $87 billion global technology leader. The new HP will offer the industry's most complete set of IT products and services for both businesses and consumers, with a commitment to serving customers with open systems and architectures. The combined company will have #1 worldwide revenue positions in servers, access devices (PCs and Handhelds), and imaging and printing, as well as leading revenue positions in IT services, storage, and management software.-Involved in Quantum computing project with MIT expected to replace silicon-based engineering of computer chips within the next 25 ye
- Only company among the large computer makers to offer a handheld P.C. in the IPAQ CPQ designs, develops, manufactures and markets hardware, software, solutions and services to individuals, businesses and governments in more than 200 countries. For the 6 months ended 6/30/01, revenues fell 10% to $17.65B. Net loss before accounting change totaled $201M vs. an income of $710M. Results reflect lower sales from Access and Enterprise Computing due to the continued weakness in the U.S. economy and a $742M restructuring charge. - Market presence in stores which facilitate consumer buying, unlike Dell and Gateway
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Approximate Word count = 514
Approximate Pages = 2 (250 words per page double spaced)
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