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BUSINESS NEWS.(TO THE POINT)
TECHNOLOGY
Compaq acquisition a good deal
for HP shareholders, CEO says
Hewlett-Packard CEO Carly Fiorina defended plans to buy rival Compaq even after the shares of both firms plunged. "These companies fit together like a zipper," she said. Investors remained unimpressed. HP's shares Wednesday fell another 3.5%. Compaq's fell 6%. Fiorina said she saw no signs of an industry recovery before the second half of 2002.
Sun Micro's CFO: Rivals to gain from HP's acquisition of Compaq
It will take time for the firms to integrate their operations and will create a bigger and "more confused competitor," says Sun Micro CFO Michael Lehman. He said the HP-Compaq merger, if it's OK'd, would be a "gold mine" for Sun and a "wonderful opportunity" to go after their customers.
Cisco sees fast tech consolidation
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