TheTechGuide Forum

General Category => News => Topic started by: Dexter on September 04, 2001, 09:20:40 AM

Title: HP to buy Compaq for $25 Billion
Post by: Dexter on September 04, 2001, 09:20:40 AM
Just about everyone has already heard but for those that haven\'t...

The big news is that Hewlett-Packard is going to buy Compaq for $25 Billon in stock.  They claim the merger will save an estimated $2.5 Billion a year. Of course the merger won\'t be without it\'s downside as an expected 15,000 jobs will be cut.

Read the full story of HP buying Compaq (http://\"http://cnnfn.cnn.com/2001/09/04/deals/hp_compaq/\") at CNN.