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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Lynn who wrote (149)	5/7/2002 8:40:37 PM
From: Kirk ©	Read Replies (1) \| Respond to of 4345

Oh you guys are too much! :) She's married and spends far too much time on the road for me... then again... with her money, we could retire with my living expenses and live like kings but I think she is just getting started in her career BTW, her husband retired to help with her career when she was made CEO. Maria was acting like a real dork and called her "Miss Fiorina" several times today... Kirk out

To: Lynn who wrote (149)	5/7/2002 10:50:26 PM
From: PCSS	Respond to of 4345

HP and Compaq unveil $5bn in new business By Scott Morrison in Cupertino, California Hewlett-Packard and Compaq Computer said on Tuesday they had jointly won more than $5bn in new contracts during the three months leading up to their $18.7bn merger. HP made the announcement as it officially "launched" the merged company. Carly Fiorina, chief executive, said these developments showed the new HP was ready to do business, only days after the merger closed last Friday. And the company argued that the new contract wins, secured in the midst of a hotly contested proxy battle with Walter Hewlett, the former dissident HP director, showed employees had not lost their focus throughout the merger process. The product decisions were largely as expected. HP will remain the dominant brand, although the company will sell consumer PCs under both the HP and Compaq labels. The company wants to retain its market share in the highly competitive consumer market by leveraging both brands. However, HP's brand will be dropped in the commercial PC market, where Compaq is stronger. Michael Capellas, the former Compaq chief executive who is now HP's president, said product decisions were largely based on market share, unless there was a "compelling technical reason" to override that criteria. In the server market, HP will become the dominant brand and the company reaffirmed plans to slowly migrate to the industry standard Itanium processor from Intel. As expected, HP will leave Compaq's fault-tolerant server unit untouched. HP said it would be equally committed to Unix, Windows and Linux-based servers, which need middleware systems to support all platforms. The company also adopted Compaq's enterprise storage products going forward. HP's market leading printing operations were to remain essentially unaffected by the merger. The company reaffirmed its financial targets of $2.5bn in cost savings and not more than 4.9 per cent revenue loss following the merger. As in the past, Bob Wayman, chief financial officer, suggested the company was likely to beat those targets.