Incoming president of the new Hewlett-Packard (HP) company, Michael Capellas, said yesterday that the integration of Compaq and HP is on track despite market fears.
Speaking at Merrill Lynch's Hardware Heaven conference in San Francisco, Capellas told delegates that the new company has just six months to establish itself in the marketplace and urged opponents of the $19bn merger to get behind the new reality.
"After eight months of this, people are just ready to get on with it," he said. He added that the merger was "much, much farther along the path than people realise."
Capellas confirmed that the management teams for the top 100 accounts had been finalised as a three-year product plan, but that more details would emerge when the new company is launched on 7 May.
Markets are still sceptical of the deal which Capellas argues will provide nearly $4bn-worth of savings.
The deal can finally proceed after the recent hurdles of court action and the official vote count were overcome.
Many Compaq products will survive the merger, Capellas added. "When we had a choice between two products, market share wins unless you give me some awfully compelling reason," he said.
Compaq beat HP in many areas, including Intel-based servers and PCs, and it looks like the new company's partners will probably include Intel and Microsoft predominantly.
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