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World News Atlas    San Francisco Bay Area    HP    2001

Homes for Sale in East Bay (San Francisco Bay Area)
HP, 2001 Timeline Saturday, June 21     Author
Search Bay Area News Atlas:


Legend  
HP profits down  Consumer spending lower than expected William Hewlett dead at 87


January 2001 ... more > Top ^

Jan.11
Jan.12
  He was an engineer who co-founded Hewlett-Packard Co. in a garage in 1938 and pioneered Silicon Valley
Jan.27 HP to Cut 2% of Jobs  Long-planned marketing restructuring Jan.29 HP, Apple Fund Web Photo Shop

February 2001 ... more > Top ^

Feb.9 HP replacing power units
Feb.13 HP shows off new software Feb.15 HP meets lowered expectations  1st-quarter net earnings fell 59%. Revenue rose 2%. Carly Fiorina blames worsening economic conditions worldwide

April 2001 ... more > Top ^

Apr.18 HP to cut 3,000 jobs
  Hewlett-Packard lowered earnings forecasts again cutting up to 3,000 management jobs or 3.5%


May 2001 ... more > Top ^

May.8 HP and Accenture form partnership May.10 HP sold VeriFone May.29 Next-generation processor

June 2001 ... more > Top ^

Jun.5 HP becomes leader in PC sales
Jun.6 HP cautious about outlook Jun.19 HP faces credit downgrade  Credit rating agency revised Hewlett-Packard's outlook from stable to negative Jun.29 Workers asked to take pay cuts  Hewlett-Packard has asked 45,000 U.S. employees use additional vacation days or to take pay cuts

July 2001 ... more > Top ^

Jul.17 Molecular computers
  Patents process could be breakthrough for computer circuits made of individual molecules Jul.26 HP cutting 6,000 jobs
  Hewlett-Packard Co. lowered its sales forecasts yet again and is slashing 6% of work force


August 2001 ... more > Top ^

Aug.16 HP reports 89% drop in profit
  Hewlett-Packard Co. beat Wall Street's dramatically reduced expectations. Shares moved higher

September 2001 ... more > Top ^

Sep.3 HP buying Compaq for $25 billion
  The new company with annual earnings of $3.9 billion and 145,000 employees would rival IBM
Sep.4 HP, Compaq See Job Cuts  Merging companies will cut 15,000 jobs in 2002 and expect a slight revenue decline in 2003 Sep.6 HP buys Dutch printing company  Hewlett-Packard in a $629 million deal to buy Indigo. HP already owns 13.4% of Dutch company Sep.13 HP donating up to $5 million  Hewlett-Packard is giving $3M to the Red Cross and matching $2M to either the Red Cross or United Way

October 2001 ... more > Top ^

Oct.3 Fiorina Says Merger on Track  Hewlett-Packard CEO vowed to press ahead with plans to buy Compaq, although business nearly halted Oct.16 New management structure  New management team to lead its planned merger with Compaq

November 2001 ... more > Top ^

Nov.6 Founder family oppose Compaq deal
  The family and foundation of William Hewlett will vote their 5% stake against the takeover
Nov.14 HP beats estimates
  4th-quarter earnings fell sharply from a year ago Nov.15 CEOs reject $22M in merger bonuses
  HP and Compaq CEOs withdrew from a bonus program for completing the merger

December 2001 ... more > Top ^

Dec.7 Packard Foundation against merger
  Hewlett-Packard largest shareholder plans to vote against the $25 billion acquisition of Compaq Dec.12 $1.9M grant for Healthy Kids  The David and Lucile Packard Foundation will be used to subsidize 1,840 children Dec.13 Opposition to merger is widespread
  Walter Hewlett appealed to directors and the board of Compaq to scuttle merger because of what enormous unhappiness Dec.27 W. Hewlett Files Proxy Against Merger  Founding family member filed proxy statement to solicit votes against the proposed acquisition of Compaq



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