What was the stock price of Compaq in 2002?
The stock price of Compaq, which was around $25 when Capellas became CEO, was trading at half that by 2002. In 2002, Compaq signed a merger agreement with Hewlett-Packard for $24.2 billion, including $14.45 billion for goodwill, where each Compaq share would be exchanged for 0.6325 of a Hewlett-Packard share.
When did Compaq become hp?
It rose to become the largest supplier of PC systems during the 1990s before being overtaken by HP in 2001. Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002.
Why did Compaq fail in 1999?
However, by February 1999, analysts were sceptical of Compaq's plan to sell both direct and to resellers. Compaq was hit with two class-action lawsuits, as a result of CFO Earl Mason, SVP John Rose, and other executives selling US$50 million of stock before a conference call with analysts, where they noted that demand for PCs was slowing down.
What is the ticker symbol for Compaq?
Compaq's pre-merger ticker symbol was CPQ. This was combined with Hewlett-Packard's ticker symbol (HWP) to create the current ticker symbol (HPQ). Capellas, Compaq's last chairman and CEO, became president of the post-merger Hewlett-Packard, under chairman and CEO Carly Fiorina, to ease the integration of the two companies.
See more
What happened Compaq stock?
Hewlett-Packard said yesterday that it was acquiring Compaq Computer for $25 billion in stock in a bold move to grow as the computer industry struggles with shrinking sales. The merger, if completed, would produce a company with total revenue only slightly less than that of I.B.M., the largest computer company.
What year did Compaq buy Digital?
1998Compaq to buy DEC - Jan. 26, 1998. NEW YORK (CNNfn) - Compaq Computer Corp., seeking to expand into the lucrative enterprise computing business, agreed Monday to acquire Digital Equipment Corp. in a blockbuster deal worth $9.6 billion.
Where is Compaq now?
Although Compaq was no longer an independent company, the Compaq brand continued as a Hewlett-Packard line of personal computers until 2013.
Why did Compaq fail?
Intel. One final reason that Compaq failed was Intel. Compaq's PCs were less expensive than IBM, but they weren't cheap. Intel's marketing stressed the CPU was more important than who made the rest of the computer.
What killed Digital Equipment Corporation?
“Digital Equipment Corp. had microprocessor technology, but its business model could not profitably sell a computer for less than $50,000. The technology trapped in a high-cost business model had no impact on the world, and in fact, the world ultimately killed Digital.
Who owns Compaq?
It rose to become the largest supplier of PC systems during the 1990s before being overtaken by HP in 2001. Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002.
Is Compaq a good brand?
As in most low-budget laptops, you have to live with average screen but the screen resolution in this laptop seems to be quite decent. If you are currently looking for a budget laptop with good configuration HP Compaq is surely a choice.
Why did HP discontinue Compaq?
Furthering tension saw the Compaq brand losing even more market share to its competitors. Growth in the Compaq division dwindled, and Dell subsequently surpassed it in sales. So HP decided to pull Compaq into its own computer line as a low-end "budget" brand.
Why did Compaq buy DEC?
The company was co-founded by Ken Olsen and Harlan Anderson in 1957. Olsen was president until forced to resign in 1992, after the company had gone into precipitous decline. Acquired by Compaq, after divestiture of major assets.
Why did HP discontinue Compaq?
Furthering tension saw the Compaq brand losing even more market share to its competitors. Growth in the Compaq division dwindled, and Dell subsequently surpassed it in sales. So HP decided to pull Compaq into its own computer line as a low-end "budget" brand.
When did Compaq merge with HP?
Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002. The Compaq brand remained in use by HP for lower-end systems until 2013 when it was discontinued.
What did HP do with Compaq?
Hewlett-Packard and Compaq agree to merge, creating $87 billion global technology leader. Hewlett-Packard Company (NYSE: HWP) and Compaq Computer Corporation (NYSE: CPQ) announced today a definitive merger agreement to create an $87 billion global technology leader.
Compaq Computer Stock Price History Chart
Compaq Computer Technical and Predictive Indicators
There are several ways to analyze Compaq Stock price data. The simplest method is using a basic Compaq candlestick price chart, which shows Compaq Computer price history and the buying and selling dynamics of a specified period. Many traders also use subjective judgment to their trading calls, avoiding the need to trade based on technical analysis.
Other Tools for Compaq Stock
Predictive indicators are helping investors to find signals for Compaq stock's direction in advance.
How many dates are associated with stock?
When running Compaq Computer Corp price analysis, check to measure Compaq Computer's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Compaq Computer is operating at the current time.
How many NYSE members are there?
There are four dates associated with any stock event. The announcement date. The Record Date, specified in the announcement, the date used to determine the number of shares or amount of cash each shareholder receives. The next stock market business day is the Effective Date. The Distribution Date, usually weeks later, is the actual distribution of the additional shares or cash. This table is sorted by Effective Date.
How much did Compaq stock fall in 1999?
Each of the 236 NYSE member firms -- and others around the world -- is expected to read SEC filings, analyze Corporate Action Notices, and update the records they maintain on behalf of their clients.
When was Compaq founded?
The company's stock had fallen 50 percent since its all-time high in January 1999. Compaq shares, which traded as high as $51.25 early in 1999, dropped 23 percent on April 12, 1999, the first day of trading after the first-quarter announcement and closed the following Friday at $23.62.
Why did NaviSite take Compaq?
Compaq was founded in February 1982 by Rod Canion, Jim Harris, and Bill Murto, three senior managers from semiconductor manufacturer Texas Instruments. The three of them had left due to lack of faith and loss of confidence in TI's management, and initially considered but ultimately decided against starting a chain of Mexican restaurants. Each invested $1,000 to form the company, which was founded with the temporary name Gateway Technology. The name "COMPAQ" was said to be derived from "Compatibility and Quality" but this explanation was an afterthought. The name was chosen from many suggested by Ogilvy & Mather, it being the name least rejected. The first Compaq PC was sketched out on a placemat by Ted Papajohn while dining with the founders in a pie shop, (named House of Pies in Houston). Their first venture capital came from Benjamin M. Rosen and Sevin Rosen Funds, who helped the fledgling company secure $1.5 million to produce their initial computer. Overall, the founders managed to raise $25 million from venture capitalists, as this gave stability to the new company as well as providing assurances to the dealers or middlemen.
What is Compaq website?
In return, NaviSite took Compaq as a preferred provider for its storage and Intel -based servers. Compaq struggled as a result of the collapse of the Dot-com bubble, which hurt sales of their high-end systems in 2001 and 2002, and they managed only a small profit in a few quarters during these years.
How did HP and Compaq merge?
Website. www .compaq .com. Compaq (a portmanteau of Compatibility And Quality, occasionally referred to as CQ prior to its final logo) was an American information technology company founded in 1982 that developed, sold, and supported computers and related products and services. Compaq produced some of the first IBM PC compatible computers, ...
How does Compaq differ from other IBM clones?
In 2002, Compaq signed a merger agreement with Hewlett-Packard for $24.2 billion, including $14.45 billion for goodwill, where each Compaq share would be exchanged for 0.6325 of a Hewlett-Packard share. There would be a termination fee of US$675 million that either company would have to pay the other to break the merger. Compaq shareholders would own 36% of the combined company while HP's would have 64%. Hewlett-Packard had reported yearly revenues of $47 billion, while Compaq's was $40 billion, and the combined company would have been close to IBM 's $90 billion revenues. It was projected to have $2.5 billion in annual cost savings by mid-2004. The expected layoffs at Compaq and HP, 8500 and 9000 jobs, respectively, would leave the combined company with a workforce of 145,000. The companies would dole out a combined $634.5 million in bonuses to prevent key employees from leaving if shareholders approve the proposed merger, with $370.1 million for HP employees and $264.4 million for Compaq employees.
Why was the Compaq Portable a legal clone?
Unlike many startups, Compaq differentiated its offerings from the many other IBM clones by not focusing mainly on price, but instead concentrating on new features, such as portability and better graphics displays as well as performance—and all at prices comparable to those of IBM's PCs. In contrast to Dell Computer and Gateway 2000, Compaq hired veteran engineers with an average of 15 years experience, which lent credibility to Compaq's reputation of reliability among customers. Due to its partnership with Intel, Compaq was able to maintain a technological lead in the market place as it was the first one to come out with computers containing the next generation of each Intel processor.
