HP chief executive Carly Fiorina said that she expects ‘the storm to intensify’ over the company’s bid to buy Compaq, and urged employees to deliver consistent results and stay positive about the merger.
Compaq chief executive Michael Capellas said that the $23bn (Pounds 16bn)deal would help turn Compaq into a strong technology company. However, he also suggested that there are alternatives for the firm.
In his email Capellas reiterated his company’s commitment to the merger, but said: ‘Whether we are part of the new HP or a standalone company, I am confident in our ability to achieve these objectives.
‘The best thing we can do right now is to maintain our positive momentum in the market. That means continuing to focus on meeting and exceeding our goals for the fourth quarter.’
According to filings made to the Securities and Exchange Commissions this week, Fiorina acknowledged the company’s disappointment with Friday’s decision by the David and Lucile Packard Foundation to vote against the merger.
But Fiorina pointed out that the HP families and their foundations control only 18% of HP stock. ‘Rest assured that we do not intend to give up, and that we will continue our efforts to return this company to greatness,’ she said.
With 65% of UK accountancy practices already using or planning to use cloud accounting software, Paul Haydock of DueCourse examines four reasons why SME owners should consider a cloud-based service
BDO has implemented data submission and extraction technology to improve efficiency and automate manual processes
Driving opportunity for all and empowering businesses for success are the key themes for the Sage Summit UK this year, which takes place on 5-6 April
Advanced has extended its West Midlands HQ following the creation of 200 jobs and planned hiring of a further 200 employees over the next nine months