A formal tally showed that Hewlett-Packard shareholders voted narrowly to approve a merger with Compaq Computer, but opponents refused to concede defeat.
Hewlett-Packard and Walter Hewlett tout their backers as shareholders prepare to cast their votes
Electronic Data Systems shareholders today approved a tie-up with Hewlett-Packard, voting almost unanimously to go through with the US$13.9 billion (AU$14.73 billion) takeover.
Although it plans to lay off thousands of workers if its merger with Compaq Computer goes through, Hewlett-Packard is also offering hefty bonuses to some 6,000 key employees it wants to keep.
Hewlett-Packard on Friday released a letter to shareholders bashing dissident board member Walter Hewlett for his opposition to the company's planned acquisition of Compaq Computer
Compaq Computer shareholders have voted 9-to-1 in favour of a deal which may see Hewlett-Packard acquire Compaq, however, the struggle is not over, with the Hewlett family continuing to campaign vigorously against any merger.
With less than a week remaining before the HP shareholder vote on the proposed acquisition of Compaq, CEO Carly Fiorina is making an all-out effort to persuade fence sitters to support the deal.
As Dell Australia welcomes on board a new managing director, David Miller, we ask for his views on the current PC market in Australia.
The information technology boom and bust of the 1990s is leaving a lot more than worthless shares and frustrated investors in its wake; it is producing a mountain of electronic waste as technological advancements make computers and other devices containing toxic products obsolete at an increasing pace.
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