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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 26.28

+0.4%

Nov 7 9:30 AM EST

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From: TimF	9/29/2006 1:16:41 PM
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HP to buy Voodoo PC voodoopc.blogspot.com theinquirer.net H-P Picks Up VoodooPC By TSC Staff 9/29/2006 10:52 AM EDT Hewlett-Packard (HPQ - commentary - Cramer's Take) took time out from its defense of a phone-record snooping scandal to acquire VoodooPC, a maker of high-performance and personalized gaming computer systems. After the close of the transaction, H-P will form a separate business unit within its personal systems group focused on the game industry. VoodooPC co-owner Rahul Sood will become chief technologist for the unit, and co-owner Ravi Sood will become the division's director of strategy. Financial terms of the acquisition weren't disclosed. VoodooPC was founded in 1991 and is based in Calgary. H-P plans to maintain VoodooPC's current distribution model and brand name along with its marketing, sales, support and development operations. The acquisition should close by November... thestreet.com

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