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HP To Buy Compaq

by Maarten Goldstein, Sep 03, 2001 8:10pm PDT

Well you don't see this every day. CNet is reporting that Hewlett-Packard will buy rival Compaq in a stock swap priced at $25 billion. The boards of both companies have already approved of the transaction, creating a company with a revenue just slightly below IBM, the current largest computer company. Not many other details out there right now. An official announcements is expected tomorrow.




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  • I worked for HP through Volt (not as a contractor, HP used VOLT as their helpdesk for everything from phones to facilities to helpdesk..) and HP came to volt and asked for volt to cut 5% of the staffing hours for 3 months. so they were looking for excuses to fire people.

    heh. i was one of the "excuses" i'm no angel but i got fired because i made 1 mistake by not letting my superiors know that i wasn't coming in on a monday after having come from reno and gotten in at 4am.

    i have never heard a bad thing about HP when i worked there, but i thought it was a joke to ask people to cut 5% of their time because HP was "losing money". Of course working for volt i also heard that Manpower was going to take over the contract and we got the typical "we are here for the long haul and <insert company name here> is great and we have a solid relationship with <insert company paying for the services here> and we are also looking into having HP and other contracts to bolster our technical needs".

    i hope volt loses it's contract. after having fired 20 or 30% of the staff in roseville i would expect that HP is not happy with what's going on.

    it's also nice to know that HP bought a dead system that's similar to their piece of shit.

    hahah.