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HP's giant step may put EMC in storage
[All Edition]
Providence Journal
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Providence, R.I.
Hewlett-Packard and Compaq compete with EMC in different segments of the data storage market. Compaq focuses on selling smaller storage hardware while Hewlett-Packard sells high-end data storage products to huge enterprises. EMC serves both large and small customers. The new company, which will keep the Hewlett-Packard name, will have a full range of storage offerings, and will be put in a position to compete head-on with EMC. By some data storage analysts' estimates the merger creates a new king of the data storage hill. Compaq declined 67 cents to $10.41. On Tuesday, Hewlett-Packard fell 19 percent, and Compaq dropped 10 percent. Hewlett-Packard has fallen 71 percent in the past year; Compaq has dropped 68 percent. Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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