HP Merger Announcement
From the beginning, HP has been about extraordinary invention-with the purpose of solving our customer's toughest challenges.
We understand the complexity of the times and the complexity of your business. And we know that in these times, the business and technology challenges you face are great - but so are the opportunities. More than ever, we believe invention and inspiration are a key advantage.
In that light, we are announcing today that HP and Compaq have agreed to become one company. We believe that by joining with Compaq we can provide you more choice, more freedom, and more flexibility so that you can make the most out of your past, current, and future technology investments.
The new HP will be dedicated to the same ideals that have driven our relationship with you in the past: A commitment to putting customers first, world-class engineering designed to solve your toughest problems, quality, and a commitment to open systems and architectures so that you can respond to sudden shifts in the market place. With the addition of our colleagues from Compaq, and their expertise and solutions-we'll be even more capable of providing you solutions in:
- IT Infrastructure: By combining the server, storage, and software capabilities of Compaq and HP, we plan to offer you an even more compelling solution-servers (from industry standard servers to high-end, fault-tolerant systems) that are designed to specifically address the evolving nature of an always-on Internet infrastructure. Management software that allows you to optimize, manage, and monitor your entire network. Storage solutions that allow you to manage 10 times the data without adding to your payroll. And the services and support expertise to help you design, build, and keep it running.
- Services: Let's spend a little more time on services. We will have deeper and broader capabilities in consulting, outsourcing, and support-to help you strategize and manage your infrastructure. With more than 65,000 professionals around the globe in the new HP Services organization, we want to be your partner of choice in architecting your enterprise. By combining forces, we aim to be a top-tier services provider-offering you a true choice in how you strategize and implement IT projects. As a new kind of industry leader that values partnerships, we plan to be the partner of choice for consultants and systems integrators as well- PricewaterhouseCoopers, Accenture, and KPMG. So when you work with them, you can also choose to work with us and gain the benefit of our products and solutions.
- Access Devices (PCs, handhelds, and new kinds of Internet-access devices): By combining two strong businesses into one, we plan to offer you a broader range of PCs, handhelds, and other Internet-enabled devices-via the channel that best meets your needs (directly from us, from our partners, or from retailers around the globe). Products that "simply work better together." Devices that will enable your team to work the way they want to work in the office, at home, or on the move.
- Imaging and Printing: We remain committed to one of our core strengths-our expertise in recording, sharing, storing, and printing information, memories, documents, and ideas. And we will continue our commitment and leadership in this area-and improve the ways you can use information to empower your organization and enhance your relationship with customers.
- Together with Compaq, our approach to infrastructure will be inspired by innovation and invention and translated into solutions that always start with you - your business, your people, your issues, your opportunities.
- We expect to have regulatory approval to merge our two companies in the first half of next year. Between now and then, we are committed to earning your business-in every interaction we have with you.
- We look forward to working with you,
- Carly Fiorina
- Chairman and CEO
- Hewlett-Packard