Hewlett-Packard recasts executive suite
With the Compaq merger receding into the past, Michael Capellas vacates the office of HP president, and CEO Carly Fiorina consolidates her control over the tech titan.
With the departure of Michael Capellas, Hewlett-Packard joins a growing roster of Silicon Valley's best-known companies without a clear No. 2 executive.
November 11, 2002
update
The tech company's president leaves to pursue other career opportunities--a move that could land him at downtrodden WorldCom.
November 11, 2002
memo
Chief Executive Carly Fiorina says in an e-mail to her staff that she plans to take over the duties of HP's departing president, and she looks ahead to next week's fourth-quarter earnings report.
November 11, 2002
memo
In an e-mail to the HP staff, Michael Capellas praises the company's management team and says he "will continue to be a customer, a partner and always a friend of HP."
November 11, 2002
previous coverage
As the company enters its first full fiscal year as a combined entity with Compaq Computer, the old HP is looking to tie up loose ends, and the new one is looking toward the future.
October 31, 2002
Printers, paper, toner, ink and other supplies account for the bulk of the tech giant's profits. But that well is not bottomless, and to keep the black ink flowing, HP is aggressively targeting new customers and expanding product lines.
October 28, 2002
The combined company still faces many of the same criticisms leveled when the deal was announced: Technology mergers rarely work. The deal will be a distraction. IBM and Dell remain daunting rivals.
September 2, 2002
After an eight-month proxy fight, a three-day trial, a blizzard of regulatory filings and a bitter boardroom squabble, HP completes the largest technology merger in history.
May 3, 2002