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HP to buy Compaq!!!! By The-Adviser.com - |
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SERVICES WHY US |
BREAKING NEWS- The
hotel sites were booked only two nights in advance and the trail led right
to Wall Street.
Tomorrow at 9:00 a.m. EDT at the Equitable Building in New York City, HP and Compaq will formerly present merger plans for the combined companies. HP and Compaq confirmed that their boards have agreed on a definitive merger. The name of the Company will HP, the merger team led mostly by HP management and upon conclusion, the combined companies will have No. 1 worldwide revenue positions in servers, access devices (PCs & hand-helds), and imaging & printing. Initial feedback from Compaq's executives is that this is "an acquisition by HP." Preliminary job cuts will are expected to drive at least $2.5 billion in savings (we estimated $4 to $5 billion realistically based on a preview of tommorow's presentation). At least 20,000 employees, primarily from Compaq, are expected to lose their jobs quickly. Carly Fiorina, Chairman and Chief Executive Officer of HP, will be Chairman and CEO of the new HP. Michael Capellas, Chairman and Chief Executive Officer of Compaq, will be President. Capellas and four other members of Compaq's current Board of Directors will join HP's Board upon closing. HP shareowners will own approximately 64% and Compaq shareowners 36% of the merged company. The merged entity will be headquartered in Palo Alto and retain a significant presence in Houston, which will be a key strategic center of engineering excellence and product development. More details to come via The-Adviser.com Alert, our FREE weekly investment research report. About Us ___________________________________________ Note: The Company does not earn fees for investment recommendations or referrals. Our research reports are prepared for general circulation and are circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. The Independent Adviser Corporation, its affiliates, directors, officers, employees and employee benefit programs may have a long or short position in any securities of an issuer or in related investments. Please read our full disclosures by clicking here.
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HP Printers plus Compaq's Handhelds plus Compaq's Service division Plus combined server and storage divisions = IBM II Open a professionally managed account:
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