=DJ H-P CEO-2:Co Ahead Of Schedule In Offering Road Map >HPQ
By Donna Fuscaldo Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--After battling it out for nearly eight months to win support for its merger with Compaq Computer Corp., Hewlett-Packard Co. (HPQ) basked in the glory of its victory Tuesday at the official launch of the new company.
During a press conference to unveil the merged H-P, which now trades under the symbol HPQ, Carly Fiorina, chairman and chief executive, said both H-P and Compaq spent a "million-plus person hours" to integrate the companies.
Thanks to the efforts of thousands of employees, she said the new H-P today is "ready to execute."
When H-P announced its plan to merge with Compaq last September, the company said it would be able to offer customers and Wall Street a product road map and go to market strategy 30 days after the launch of the company. But since H-P and Compaq began working on integrating the two companies before September, Fiorina said it can offer details of its strategy today.
The new H-P will consist of four core business operations including the Enterprise Systems Group, H-P Services, the Imaging & Printing Group and the Personal Systems Group.
Peter Blackmore will head up the Enterprise Systems Group, while Ann Livermore will be in charge of services, and Vyomesh Joshi will head up the imaging & printing group. Meanwhile Duane Zitzner will be in charge of the Personal Systems Group.
(MORE) DOW JONES NEWS 05-07-02
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