The stock closed at the low fo the day. Not usually a good sign. We may have seen all the short term strength we're going to see.
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DJ H-P CEO Fiorina Says Co Ready For Business On 'Day One'
NEW YORK (Dow Jones)--The new Hewlett-Packard Co. (HPQ) is up and running, Chief Executive Carly Fiorina told CNBC Tuesday.
Fiorina, who is making the rounds touting the hard-won merger, told CNBC the company was ready for business from "Day One."
Days after the company closed its merger with Compaq Computer Corp., Hewlett-Packard told investors Tuesday that the fused entity will concentrate on product offerings, "go-to-market" plans, brand strategy and recent customer wins.
Hewlett-Packard now will consist of four core businesses: the Enterprise Systems Group, HP Services, the Imaging & Printing Group and the Personal Systems Group, the company said Tuesday in a press release.
Asked how the company will determine her pay, Fiorina said the compensation team will meet to decide the issue, but will peg her pay to current market conditions, not the conditions of the booming late 1990s.
Repeating much of what she said during a press conference Tuesday, she said the information technology market will grow slower than in the past, but that the merged company is well-positioned to take advantage of market conditions.
Over the last 90 days, she said H-P has captured about $5 billion in new contracts, saying this represents a "new test in the new Hewlett-Packard."
-By Adam L. Freeman, Dow Jones Newswires; 201-938-5023
(END) DOW JONES NEWS 05-07-02
04:05 PM |
