Merger a ‘game changing move’ - Fiorina

Hewlett Packard chief executive officer Ms Carly Fiorina said her company's planned $25 billion merger with Compaq is a strategic…

Hewlett Packard chief executive officer Ms Carly Fiorina said her company's planned $25 billion merger with Compaq is a strategic move rather than a response to the economic slowdown in the US.

In a press conference, Ms Fiorina said the planned tie-up is a "game-changing move" for the IT industry.

"And we are playing to win," she added.

Addressing worries that the planned tie-up may face regulatory hurdles in Europe, the HP chief executive said the two companies would work in a "co-operative" way with EU authorities.

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The merger partners will meet with European competition commissioner Mr Mario Monti in the "next several weeks", she added.

AFP