Word: hp
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Dates: during 2000-2009
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...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...
...risks of uniting two struggling behemoths were obvious, even to Compaq co-founder Rod Canion, who sketched out the company with a few buddies 19 years ago in a Houston diner. "Now everybody will want to kick Compaq and HP around," he said last week. He was right. But it wasn't Michael Dell or Sun Microsystems' Scott McNealy putting the boot in. Wall Street did a good job of that. HP stock plunged 22% by the end of the week, to $18.08, while Compaq sank 14%, to $10.59, wiping more than $3 billion off the value of the proposed...
...Compaq or HP seems to be under any illusion about the arduous tasks ahead--blending their cultures, cutting costs ruthlessly (the target is $2.5 billion by 2004) and cracking the services market. Compaq founder Canion, for one, is cautiously optimistic. "These are strong companies being judged in a tough time," he says. At the very least, his baby's new mom has managed to defer judgment for a little while longer...
...style instrument panel and unpainted aluminum-and-steel frame, the long, low-slung V-Rod lives up to its billing as Harley's first "performance custom" motorcycle--although a pricey one at around $17,000. (A classic hog goes for $10,000 to $15,000.) It features a 115-hp engine, designed with help from Porsche, that claims a top speed of 140 m.p.h.--without the trademark earth-rumbling noise. "We wanted to make our own statement," says Willie G. Davidson, 68, the head designer...
...into people's houses and take their computers out for them," says Renee St. Denis, environmental-business-unit manager for HP. That's true. But if consumers aren't given sufficient incentive to turn their computers in, then all those recycling initiatives--not to mention all those PCs piling up in closets--could simply go to waste...