Descendents of Hewlett-Packard co-founder William Hewlett said Tuesday that they plan to oppose the company's blockbuster merger with Compaq Computer.
The Packard Foundation, which holds a roughly 10 percent stake in HP, has decided to oppose Hewlett-Packard's proposed US$25 billion takeover of Compaq.
newsmakers -- When Hewlett-Packard announced its intention to acquire Compaq Computer, critics attacked the plan as a lamebrained idea and said CEO Carly Fiorina was stepping into a tar pit that would swallow up both companies.
The acquisition may be complicated and poorly timed, but some experts say undoing the deal could be disastrous for both companies.
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