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1) Hewlett-Packard to Buy Rival Compaq -NYT: Computer giant Hewlett-Packard Co. (NYSE:HWP - news) will announce on Tuesday it is buying rival Compaq Computer Corp. (NYSE:CPQ - news) for $25 billion in stock, The New York Times reported on Monday evening, citing executives close to the negotiations.
While an agreement had been reached in the acquisition, specific
terms were not disclosed, according to the newspaper. However, a
premium is being offered for Compaq's stock, The New York Times
2) Compaq makes move toward utility-based hardware services: Compaq on Tuesday became the latest major computer vendor to shift
its focus from standalone product sales to complete technology
solution offerings. The Houston-based company announced a change in
its sales strategy, pushing software, hardware, and services packages
to large corporate customers in a move to emphasize that it does more
than make hardware. Calling the initiative "Computing on Demand,"
Compaq will tie installation and technical support services to its
hardware sales of PCs, servers, storage, and handheld devices. This
means Compaq customers will no longer have to build and scale their
corporate IT networks with multiple product purchases.