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September 2001, Week 1

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Subject:	HP to acquire Compaq in stock swap
From:	Ron Seybold <[log in to unmask]>
Reply To:	Ron Seybold <[log in to unmask]>
Date:	Tue, 4 Sep 2001 08:37:04 -0500
Content-Type:	text/plain
Parts/Attachments:	text/plain (22 lines)

Merger creates $87 billion entity; firms expect $2.5 billion savings
in product, employee consolidations

        HP took the biggest bite of another firm in the company's
history today, announcing it will take over PC and server maker
Compaq Computer in a $25 billion deal. Members of both companies'
boards of directors have agreed to the merger. The remaining company
will be called Hewlett-Packard - but the group that includes e3000
operations will be led by Compaq's executive vice president of sales
and services, Peter Blackmore.

--

Ron Seybold, Editor In Chief
The 3000 NewsWire
Independent Information to Maximize Your HP 3000
http://www.3000newswire.com
512.331.0075 -- [log in to unmask]

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