Word: fiorina
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...JOHNSON British WWII ace's medals posthumously sell for $345,200. Sensing an opportunity, Werner Klemperer's family auctions his monocle TEOFILA MARTINEZ Mayoress of Cadiz is offered a role in the new 007 movie. Rudy Giuliani was passed over despite a fresh waxing and skimpy bikini Losers CARLY FIORINA HP CEO in trouble as Hewletts and Packards oppose Compaq merger. Undoubtedly both of them once owned Presarios MARTHA STEWART Ms. Do-It-Right gets in copyright trouble over her show's theme song. What's the correct etiquette for totally screwing someone over? COURTNEY LOVE Cobain's widow sued...
...current tech recession these two companies have two things in common--a big stake in the PC business and a troubled future. That's why HP CEO Carly Fiorina brought them together last week in a stock deal initially valued by the companies at $25 billion. Fiorina, one of the most powerful women in American business, is a steely-nerved visionary who once compared her business to a game of blackjack. She has doubled the stakes on a so-so hand. If she wins, she wins...
...combined company will rival IBM in size and revenue, and theoretically it will leapfrog Dell in sales of PCs and midrange servers, the machines that act as the Internet's traffic cops. What is in doubt is whether Fiorina can put this heft to good use--and avoid the impact of any further downturn in consumer spending--by selling information-technology services along with hardware to corporations at a healthy profit. It's the hottest area of IT right now and will be for some time...
...Fiorina and Compaq CEO Michael Capellas spent the week trying to assure everyone that the math would add up to 3. To get there, she could do worse than to follow in the footsteps of Lou Gerstner. The IBM chief inherited a company torn by turf wars and paralyzed by too many products in the early '90s. Gerstner healed wounds, cut the sprawl and scaled back the low-margin consumer-PC business, focusing instead on supremely stable high-end servers and the lucrative service contracts that came with them. "IBM is proof that it can be turned around," says Tony...
Person of the Week RECIPE FOR GROWTH Derided over a failed bid for PricewaterhouseCoopers, Hewlett-Packard chief Carly Fiorina served up an even tastier treat: a $25 billion merger - the industry's largest - with rival Compaq. Too bad that a bearish Wall Street quickly took one-fifth off the deal's value...