HP to buy Compaq?

Tuesday, 04 September, 2001

Is has been reported that Hewlett-Packard will buy Compaq for an estimated $47.5 billion. Both the New York Times and Wall Street Journal have reported the deal, citing people close to the negotiations, but both companies have declined comment. Compaq Australia said it could not confirm or deny the reports.

The merger would create a company that would rival industry leader IBM. In the past year if the companies were one it would have had revenues of $165 billion (HP $89 billion, Compaq $76 billion), slightly less than IBM's $171 billion. The merger reportedly asked for one Compaq share to be exchanged for 0.63 HP shares. HP chief executive Carly Fiorina, would continue to be chief executive of the combined company, the newspapers reported.

Related News

‘Microwave brain’ chip for ultrafast, wireless computing

Researchers have developed a low-power microchip called ‘microwave brain’ — a...

Monash University unveils AI research supercomputer

Monash University has revealed the development of an advanced AI supercomputer, as part of a...

Ultra-compact laser developed for next-gen tech

Researchers have developed an ultra-compact laser that emits light in the terahertz region and...


  • All content Copyright © 2025 Westwick-Farrow Pty Ltd