| | | HP-Compaq Merger Timeline
 | | HP Chairwoman and CEO Carly Fiorina and Compaq's Chairman and CEO Michael Capellas at an investors meeting on Sept. 4, 2001. (AP) |
_____Audio Special_____ HP CEO Carly Fiorina met with Post editors and reporters on Feb. 26. Below are the audio excerpts:
• Segment 1: Fiorina discussed expected consolidation in IT.
• Segment 2: Fiorina discussed options for the company if the merger does not succeed.
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| 2002
April 30: Hewlett-Packard is cleared of allegations, potentially paving the way for the completion of the merger. April 25: HP chief executive Carly Fiorina and CFO Robert P. Wayman deny withholding information from shareholders and illegally coaxing key investor Deutsche Bank to vote in favor of the Compaq acquisition. April 16: The SEC and federal prosecutors began separate probes of HP's discussions about the merger votes with two large shareholders. March 29: Walter Hewlett sues HP over the voting process in the Compaq deal, accusing the company of illegally forcing investors to vote in favor of the takeover. March 19: Hewlett-Packard executive Carly Fiorina claims victory in the merger battle. March 19: Hewlett-Packard shareholders cast their votes on the $25 billion deal. March 8: Standard & Poor's lowers Hewlett-Packard's bond rating by three notches. March 7: The Federal Trade Commission votes to end its antitrust investigation of the proposed deal. March 6: The Institutional Shareholder Services, an influential investment research firm based in Rockville, Md., endorsed the proposed merger between Hewlett-Packard and Compaq Computer. Feb. 26: HP Chairman and CEO Carly Fiorina visits a number of key investors and others to draw attention away from the battle between her and board member Walter Hewlett. Feb.: The battle between Fiorina and Walter B. Hewlett, an HP director and son of one of Hewlett-Packard's co-founder, heats up with each side launching dueling ads, Web sites, colorful mailings and news conferences to attack the other's business savvy and integrity. 2001
Dec. 12: Michael D. Capellas, chief executive of Compaq, reiterates his support for the merger. Dec. 8: The David and Lucile Packard Foundation, the largest shareholder of Hewlett-Packard, announces that it will vote against its merger with Compaq Computer. Nov. 11: Walter B. Hewlett announces his opposition to the merger.  | | Walter Hewlett | Sept. 4: HP agrees to buy Compaq for $25 billion in stock. May 10: Proxicom backed away from a deal with Compaq to accept what it called a "superior proposal" from South Africa's largest computer services firm, Dimension Data. April 27: Compaq Computer announces it is buying Reston-based Proxicom for $336 million in cash. 2000
Nov. 13: Hewlett-Packard ends talks to purchase the consulting arm of PricewaterhouseCoopers, a deal with a price tag ranging from $17 to $18 billion. Sept. 12: Hewlett-Packard confirms talks to acquire the consuPricewaterhouseCoopers.
The Dueling Web Sites
• www.compaq.com/merger
• www.VotetheHPway.com
• www.votenohpcompaq.com
Carleton S. (Carly) Fiorina
 • Chariman and Chief Executive Officer of HP
• Joined HP in July 1999 Prior Positions
• Senior sales and marketing at AT&T and Lucent Technologies
• President of Lucent's Global Service Provider Business Education
• Bachelor's: Stanford University
• Master's: University of Maryland
• Master's of Science: MIT Other
• Serves on the board of Cisco Systems
• Previously served on the board of the Kellogg and Merck |
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