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Hewlett-Packard Led Tech's News Makers A Downtrodden Year Tech spending slipped, investments shriveled, stock prices plummeted.(A)
Byline: IBD STAFF
A big merger, big court case, big bankruptcy and the big blahs led tech in 2002.
With the blahs -- as in faltering stocks, lower tech spending, less venture capital -- permeating most everything, 2002 won't go down as one of the glory years for the technology industry.
Still, it had its share of big stories. IBD's Internet & Technology staff chose these:
** 1. Hewlett-Packard buys Compaq Computer. Way back on Labor Day weekend 2001 came word of HP's intent to buy its rival Compaq, the biggest merger ever of computer companies. The action occurred mostly in 2002, as CEO Carly Fiorina and top executives fought for ...
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