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
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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.
Rated a 2.7 buy cnnfn analyst recommend to hold
Sun, Apple, Dell and Gateway
Employees: 70,100 (12/31/2000)
Market Cap (Mil) $: 23,123.10