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Is COMPAQ Computers and hp same company owners?

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Is COMPAQ Computers and hp same company owners?

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Yes, HP merged with Compaq in 2002. Compaq itself had bought Tandem Computers in 1997 (which had been started by ex-HP employees), and Digital Equipment Corporation in 1998. Following this strategy HP became a major player in desktops, laptops, and servers for many different markets. After the merger with Compaq, the new ticker symbol became “HPQ”, a combination of the two previous symbols, “HWP” and “CPQ”, to show the significance of the alliance. In 2006 HP outsourced its enterprise support to countries with lower cost workers: the Spanish support (for Spain) moved to Slovakia, the German support moved to Bulgaria, English support moved to Costa Rica, and so on.

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