Feeds

HPaQ deal will 'create chaos – Jack Welch

No wonder EU waves it through

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Neutron Jack Welch, the titanic former boss of GE, forecasts chaos, if the HP/Compaq merger goes through.

He reckons that competitors want the deal to go ahead - that's why no tried to stop the EU from waving the merger through competition scrutiny.

Welch passed judgement on the controversial merger in front of HP CEO Carly Fiorina on CNBC today.

"Your competitors want this deal to go through. It will create chaos. They will clean both your clocks while you're doing all this. That's the one argument that rang a bell with me," he told her, Reuters reports.

Fiorina said the objection was old hat, and made by competitors ever since the proposed deal was first announced in September.

It must have come as a nasty shock for Fiorina, as Welch was thought to be pro-merger. Certainly, he is not pro Walter Hewlett, the HP board member who is leading the battle to derail the acquisition. As a board member, Hewlett Jr's action was "unpardonable, it's a sin", he told Business Week recently.

Related stories

Reuters: HP Rivals May Benefit From Compaq Deal - Jack Welch
HPaQ timetables merger vote

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.