On 3 May 2002 the announcement finally arrived and signaled the end of all gossip and speculation. Hewlett‐Packard CEO Carleton “Carly” Fiorina formally declared that HP had closed the $19 billion merger with Compaq Computer Corporation, thus creating a global powerhouse in the IT industry. According to HP, the merger would forge a “dynamic, powerful team” consisting of 140,000 employees with capabilities in 178 countries doing business in more than 40 currencies and ten languages.
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