Quote:
|
Originally Posted by case
And with this, I would like to say to those who voted for the merger joke: DUH!
|
I was in the meeting. The overwhelming attitude of the little stock holders was completely against the purchase of Compaq. Hewlett got a standing ovation. Only the institutions - blackmail against Deutsch Bank for their vote was suspected - supported the merger.
The 14th(?) speaker was an HP employee with his 6th HP patent pending. His first comment was that their group's #1 competitor was Cisco - and Carly Fiorina was a BoD of Cisco. Clearly conflict of interest. I wish his statement and question was written. It shocked Carly so noticeably that she soon terminated the meeting.
Even French HP employees had flown to the meeting because they were so against this merger that had no product oriented reason to occur. Fiorina - a midevil history major and a salesman for Lucent - had no concept of a product oriented perspective. Four years later, the MBA games appeared on the spread sheets - lackluster. Unlike Apple under Spindler and Sculley, the HP BoDs recognized this problem at its source. They forced the bean counter Carly out.