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Technology Stocks : Compaq
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To: Elwood P. Dowd who wrote (96084)3/14/2002 11:46:34 AM
From: rudedog  Read Replies (2) of 97611
 
El - I plan to vote NO for what it's worth. I think it will fail by a small margin, BWDIK? I have watched the comments of the many HP employees posting on various boards, and I regard their culture as very sick and dysfunctional. No wonder HP has not done anything interesting in years.

This is mostly based on gut feel. I originally liked the business case but questioned the ability to execute. The view I got of the way HP employees think about the world reinforced those concerns. I see the old Tandem regime and the HP people as the new aristocracy post merger and that's not a good thing.

If the merger goes through, it will exacerbate the decline in CPQ culture which started with the Tandem merger. The whole "politically correct" new age attitude that many of the Tandem people brought to CPQ caused a serious decline in CPQ's efficiency and "can-do" culture. Before the Tandem acquisition, CPQ generated $1.3M per employee. Tandem took that down to $750K. DEC was the final blow, driving the rev per employee to its current $575K. HP, at $522K per employee, is not helping that mix. I see the total lack of focus at HP sweeping through the last few CPQ people who care.

The numbers and product plans don't amount to a hill of beans if the people who actually get things done can't focus and execute. CPQ on its own has a chance to get back on track.
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