----- Original Message ----- 
From: "Lawrence Lile" <lawrencelile@hotmail.com>
To: <piclist@MIT.EDU>



> >I'm not sure what to make of that :-).
>
> Russell, I think this was a well placed humourous jab.  Please keep
> blindsiding us with news from the OT world.
>
> I've been following this business news too, and have wondered what is
going
> on, especially since my brother works there.  I thought the purchase
of
> COMPAQ was nuts.  Of course, I also think that IBM selling off it's PC
> business to an unheard-of asian company is also nuts.  How is that for
> consistency?

Why does everyone think that HP had money and Compaq didn't when the
merger happened?  The truth is that Compaq had a big pile of cash in the
bank and HP wasn't looking so good.  Just another leveraged buyout.
Look at the statistics:

1) Carleton went to work for HP in 99
2) Two and a half years later HP was a mess
3) HP "buys" Compaq, and about three years later it's a mess and she is
out of a job

My wife works for HP (formerly Compaq) and hates it now.  I'm not sure
why, but I think it has something to do with standing on pins and
needles for a couple of years waiting to see when she was going to be
laid off.  Morale is horrible within the company, people were literally
dancing in the halls yesterday in celebration of the ousting.  HP's
stock went up 11% immediately after the announcement, that should
indicate something about her.

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