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Hewlett Packard On September 4 2001 Hewlett-Packard Company and Compaq Computer Corporation announced a definitive merger agreement to create an 87 billion global technology leader The new HP will offer the industrys most complete set of IT products and services for both businesses and consumers with a commitment to serving customers with open systems and architectures The combined company will have 1 worldwide revenue positions in servers access devices PCs and Handhelds and imaging and printing as well as leading revenue positions in IT services storage and management software Future earnings potential -Involved in Quantum computing project with MIT expected to replace silicon-based engineering of computer chips within the next 25 years Quantum information systems including quantum computers and molecular electronics represent a fundamentally new approach to processing information Within the next 10 years molecular electronics is expected to begin to become available as a replacement for silicon-based computing technologies Further down the road quantum computers are expected to provide the basis for theoretically perfectly secure communications advanced searching techniques and efficiently simulating quantum mechanical systems Hewlett-Packard Company -- a leading global provider of computing and imaging solutions and services -- is focused on making technology and its benefits accessible to all HP had total revenue from continuing operations of 488 billion in its 2000 fiscal year Company snapshot Hewlett-Packard Company is a global provider of computing and imaging solutions for business and home focused on capitalizing on the opportunities of the Internet and the proliferation of electronic services For the 6 months ended 43001 net revenue fell 1 to 2356B Net income from cont ops fell 78 to 360M Results reflect lower UNIX and PC server revenues lower margins and a 765M in special costs Products -desktops and workstations mobile products printers faxes copiers scanners digitalcameras multifunction equipment digital entertainment DVD products CDs Servers Networking software Employees 88500 10312000 Market Cap Mil 4884116
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