How much is Compaq worth?
Hewlett-Packard plans to buy Compaq Computer in a stock swap worth about $25 billion, creating a technology company second in revenue only to IBM. Hewlett-Packard will acquire Compaq Computer in a stock swap worth about $25 billion, the companies announced late Monday.
Is Compaq Computer still around?
Although Compaq is no longer an independent company, the Compaq brand continues as a Hewlett-Packard line of personal computers.
When did the Compaq Presario come out?
September 1993
Presario is a discontinued series of desktop computers and notebooks from Compaq. The Presario family of computers was launched for the consumer marketplace in September 1993….Compaq Presario.
| Compaq Presario 2700 series | |
|---|---|
| Developer | Compaq/Hewlett-Packard |
| Release date | 1993-2013 |
| Predecessor | HP OmniBook (replaced) |
| Successor | HP Pavilion |
Why did Compaq computers go out of business?
The reason Compaq failed because it got distracted. When it merged with Digital Equipment Corporation, or DEC, the beginning of the end came for Compaq. In the Compaq figured that if it could acquire a services business, it could thrive even more which was the biggest thing that kept IBM afloat in the early 1990s.
What happened to Compaq Computers?
Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002. The Compaq brand remained in use by HP for lower-end systems until 2013 when it was discontinued.
Why was Compaq discontinued?
Compaq had to compete with its own product until the market absorbed the surplus. Their liquidations also flooded the market with a lot of surplus equipment. One final reason that Compaq failed was Intel. Compaq’s PCs were less expensive than IBM, but they weren’t cheap.
When did they stop making Compaq laptops?
2013
Struggling to keep up in the price wars against Dell, as well as with a risky acquisition of DEC, Compaq was acquired for US$25 billion by HP in 2002. The Compaq brand remained in use by HP for lower-end systems until 2013 when it was discontinued.
Does HP still make Compaq computers?
Why did HP buy Compaq?
Hewlett-Packard said yesterday that it was acquiring Compaq Computer for $25 billion in stock in a bold move to grow as the computer industry struggles with shrinking sales. The merger, if completed, would produce a company with total revenue only slightly less than that of I.B.M., the largest computer company.