HP to buy Compaq for $25 billion
C|Net | at | by Mike
Hewlett-Packard will acquire Compaq Computer in a stock swap worth about $25 billion, the companies announced late Monday. The deal, one of the largest in technology history, would merge two of the biggest names in computers, printers and computer servers, and would have total revenue only slightly less than that of IBM, the largest computer company. Carleton "Carly" Fiorina, the chairman and chief executive of HP, will become the new company's chairman and CEO, while Compaq's Chairman and CEO Michael Capellas will become president of the new entity. Capellas and four other Compaq board members will join HP's board.