Merger not to blame

Posted: Thursday, August 29, 2002

Hewlett Packard Company chief executive Carly Fiorina, left, holds up the stock exchange sign "HPQ" as she brushes off HP president Michael Capellas, holding the HP logo, in Cupertino, Calif., May 7. In the first financial results since closing its merger with Compaq Computer Corp., Hewlett-Packard Co. said third-quarter sales fell short of expectations though the integration of the companies remains on track. The Palo Alto, Calif.-based company blamed the lower revenue on weak demand for technology by businesses and consumers, not problems in its corporate marriage.

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