Menu
08/04/2002
HP seek dismissal of lawsuit impeding Compaq merger
Hewlett-Packard have filed for the dismissal of a case that could prevent the company from buying arch-rival Compaq.
The lawsuit filed by Walter Hewlett, the son of one of Hewlett-Packard's founders, claims that the company have misled shareholders and has sought to influence the vote by coercing a major investor in the potential merger deal.
The Delaware court is expected to issue a ruling within the next few days, and if it finds in favour of the Walter Hewlett petition the case could proceed to trial before the end of April.
Hewlett-Packard has already declared that Walter Hewlett, who has been vociferously opposed to the merger, will not be part of any future board of Hewlett-Packard's company directors.
Hewlett-Packard anticipate that the merged company would be capable of taking on the computing sectors bigger companies such as IBM.
However, Walter Hewlett counters that the merger will weaken Hewlett-Packard's strong hold on the personal computing printing business, and take the company into the computer industry sector which in a 'downcycle'.
The results of the recent shareholder vote will be made know in the next few weeks.
Industry analysts say Walter Hewlett's lawsuit is a defensive move provoked by lack of shareholder backing for his anti-merger stance.
(SP)
The lawsuit filed by Walter Hewlett, the son of one of Hewlett-Packard's founders, claims that the company have misled shareholders and has sought to influence the vote by coercing a major investor in the potential merger deal.
The Delaware court is expected to issue a ruling within the next few days, and if it finds in favour of the Walter Hewlett petition the case could proceed to trial before the end of April.
Hewlett-Packard has already declared that Walter Hewlett, who has been vociferously opposed to the merger, will not be part of any future board of Hewlett-Packard's company directors.
Hewlett-Packard anticipate that the merged company would be capable of taking on the computing sectors bigger companies such as IBM.
However, Walter Hewlett counters that the merger will weaken Hewlett-Packard's strong hold on the personal computing printing business, and take the company into the computer industry sector which in a 'downcycle'.
The results of the recent shareholder vote will be made know in the next few weeks.
Industry analysts say Walter Hewlett's lawsuit is a defensive move provoked by lack of shareholder backing for his anti-merger stance.
(SP)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
17 December 2018
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
InterTradeIreland Announce Funding Advisory Workshops
InterTradeIreland have announced a series of free funding advisory workshops for small and medium-sized enterprises.
25 October 2018
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
Techstart Academy Announce Product Management Workshop
The Techstart Academy has announced an event in Belfast on 22 November, which aims to "bring to life" the fundamentals of product management and best practices to drive product success.
11 November 2010
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
Firms Win InterTradeIreland Competition
Two NI firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
09 July 2009
Arntz Belting Heads For Trouble
The future for a struggling Pennyburn fan belt factory, which currently employs around 110 people, is looking bleak. The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March. However, the global recession has led to the firm's parent company looking at further cuts.
Arntz Belting Heads For Trouble
The future for a struggling Pennyburn fan belt factory, which currently employs around 110 people, is looking bleak. The manufacturing plant, Arntz Belting Company, went to a three-day week in December and also sought 28 redundancies in March. However, the global recession has led to the firm's parent company looking at further cuts.
14 November 2007
NI Enterprise Celebrated
As part of National Enterprise Week, Invest Northern Ireland - in association with Ulster Bank - has hosted a Celebration of Enterprise gala dinner at which several local entrepreneurs were honoured for their contribution to business.
NI Enterprise Celebrated
As part of National Enterprise Week, Invest Northern Ireland - in association with Ulster Bank - has hosted a Celebration of Enterprise gala dinner at which several local entrepreneurs were honoured for their contribution to business.
-
Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
