5 Billion; Transaction Expected To Be Substantially Accretive In Year One PALO ALTO, CA and HOUSTON, TX, September 3, 2001 ________________________________________ Hewlett-Packard Company (NYSE: HWP) and Compaq Computer Corporation (NYSE: CPQ) announced today a definitive merger agreement to create an $87 billion global technology leader. The new HP will erect the industrys most complete set of IT products and services for twain businesses and consumers, with a commitment to serving customers with open systems and architectures. The combined attach to will have #1 worldwide revenue positions in servers, access devices (PCs and hand-helds) and imaging and printing, as well as jumper cable revenue positions in IT services, storage and management software. The merger is anticipate to generate cost synergies reaching approximately $2.5 billion each year and drive a significantly improved cost structure. found on both companies last four reported financial quarters, the new HP would have... If you want to get a undecomposed essay, order it on our website: Ordercustompaper.com
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