Her dreams of heading up the World Bank dashed, former Hewlett-Packard CEO Carly Fiorina, the architect of one of the worst tech mergers in history, has turned her attention to California politics. After months of speculation, she officially announced her candidacy for the U.S. Senate today.
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Four years after separating its PC business from its imaging and printing group, Hewlett-Packard is planning to merge them, undoing one of Mark Hurd’s first big moves as CEO. “People familiar with the situation” tell The Wall Street Journal that the plan under consideration would combine HP’s printer and PC businesses under Todd Bradley, who currently oversees only the latter.
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Hewlett-Packard has wrapped up its acquisition of technology services giant Electronic Data Systems Corp., the company’s largest purchase since the $20 billion merger former HP CEO Carly Fiorina orchestrated with Compaq Computers six years ago. Thankfully, it wasn’t nearly so rancorous.
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If First Data’s board of directors owns a copy of former Hewlett Packard CEO Carly Fiorina’s memoir, “Tough Choices,” they clearly don’t lend much credence to her withering assessment of former Compaq Chief Executive Michael Capellas. Because this morning, the Denver-based transaction processor said it will name him as CEO following completion of the acquisition of the company by Kohlberg Kravis Roberts & Co.
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