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The name "COMPAQ" was said to be derived from "Compatibility and Quality" but this explanation was an afterthought. The name was chosen from many suggested by Ogilvy and Mather; it being the name least rejected.
On September 3, 2001, HP announced that an agreement had been reached with Compaq to merge the two companies. In May 2002, after passing a shareholder vote, HP officially merged with Compaq. Prior to this, plans had been in place to consolidate the companies' product teams and product lines. The merger occurred after a proxy fight with Bill Hewlett's son Walter, who objected to the merger. Compaq itself had bought Tandem Computers in 1997 (which had been started by ex-HP employees), and Digital Equipment Corporation in 1998. After HP merged with Compaq, HP's new ticker symbol became "HPQ", a combination of the two previous symbols, "HWP" and "CPQ", to show the significance of the alliance and also key letters from the two companies Hewlett-Packard and Compaq (the latter company being famous for its "Q" logo on all of its products).
In May 2007, HP announced in a press release a new logo for their Compaq Division to be placed on the new model Compaq Presarios. Notebooks under the Compaq brand was no longer produced since mid-2013, when it was re-branded as HP 2000 series notebooks (which happened back in 2010). This took effect until 2012, when Compaq was fully merged with and discontinued by HP in mid-2013. The brand is currently active outside the U.S. today.
- ↑ "HP Press Release: Hewlett-Packard and Compaq Agree to Merge, Creating $87 billion Global Technology Leader". Hewlett-Packard. http://www.hp.com/hpinfo/newsroom/press/2001/010904a.html. Retrieved May 9, 2010.
- ↑ "HP Closes Compaq Merger" (Press release). Hewlett-Packard. http://www.hp.com/hpinfo/newsroom/press/2002/020503a.html. Retrieved May 9, 2010.
- ↑ https://www.slashgear.com/hp-shows-off-new-compaq-logo-on-their-latest-laptop-185337/