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Keyword: compaqcomputer

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  • HP claims Compaq merger victory, no official word

    03/19/2002 10:57:05 AM PST · by GeneD · 19 replies · 608+ views
    CUPERTINO, Calif. (Reuters) - Hewlett-Packard Co. said Tuesday that preliminary estimates showed shareholders had approved its purchase of Compaq Computer Corp., a result unconfirmed by voting officials. HP said its view is based on a preliminary estimate by its proxy solicitor. Voting officials are expected to take days or weeks to tally the ballots on the $21 billion merger that has been the subject of intense debate. HP shareholders met on Tuesday morning. In a statement, Chief Executive Carly Fiorina described the merger as winning a "decisive majority" of shareholder votes. That differed from Walter Hewlett, the dissident shareholder, who...