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Hewlett-Packard, 2001 Timeline Saturday, April 21 Bookmark and Share     Author
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HP and Accenture form partnership HP sold VeriFone Next-generation processor HP becomes leader in PC sales HP cautious about outlook HP faces credit downgrade  Credit rating agency revised Hewlett-Packard's outlook from stable to negative Workers asked to take pay cuts  Hewlett-Packard has asked 45,000 U.S. employees use additional vacation days or to take pay cuts Molecular computers  Patents process could be breakthrough for computer circuits made of individual molecules HP cutting 6,000 jobs
World News (12) USA (335) California (187) Bay Area (11) Peninsula (1080) Palo Alto (154) HP (149) 2001
Business (29) Science & Education (1) Politics (2) Cut 3,000 Job (2)
HP, January 2001 HP, February 2001 HP, March 2001 HP, April 2001 HP, May 2001 HP, June 2001 HP, July 2001 HP, August 2001 HP, September 2001 HP, October 2001 HP, November 2001 HP, December 2001
Hewlett (20)   Palo Alto, 2001   HP, 2001   U.S. in July, 2001 (49)   Palo Alto Job Cut (33)
HP to Cut 2% of Jobs  Long-planned marketing restructuring HP, Apple Fund Web Photo Shop HP replacing power units HP shows off new software HP meets lowered expectations  1st-quarter net earnings fell 59%. Revenue rose 2%. Carly Fiorina blames worsening economic conditions worldwide HP to cut 3,000 jobs
HP profits down  Consumer spending lower than expected William Hewlett dead at 87

January 2001 ... more > Top ^
  He was an engineer who co-founded Hewlett-Packard Co. in a garage in 1938 and pioneered Silicon Valley

February 2001 ... more > Top ^

April 2001 ... more > Top ^
  Hewlett-Packard lowered earnings forecasts again cutting up to 3,000 management jobs or 3.5%

May 2001 ... more > Top ^

June 2001 ... more > Top ^

July 2001 ... more > Top ^
  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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