New HP Unveils Local Plan in China

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Last updated at: (Beijing Time) Friday, May 10, 2002

New HP Unveils Local Plan in China

Hewlett-Packard, a newly merged company forged between the former Hewlett-Packard and Compaq Computer Corp, reiterated Thursday in Beijing that the China remains one of its most important markets in its global development.

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Hewlett-Packard (HP), a newly merged company forged between the former Hewlett-Packard and Compaq Computer Corp, reiterated Thursday in Beijing that the China remains one of its most important markets in its global development.

On Tuesday, HP Chief Executive Carly Fiorina announced the formal launch of the combined firm. The combined companies, which will operate under the HP nameplate, will re-organize into four divisions including Enterprise Systems Group, HP Services, Imaging and Printing, and the Personal Systems Group, aiming to re-brand some of its products.

"In China, our business will also be classified into the same four groups," said Sun Zhenyao, president of HP (China).

HP (China) now includes former HP's and Compaq's market in the Chinese mainland and Hong Kong.

"China has already become the hot spot for the international IT industry. The mainland market will be the key target in the coming years for HP," Sun emphasized yesterday at a press conference.

"Also, we are considering slashing the payroll as it is inevitable for our re-organization to cut jobs and reduce costs," he added.

According to Sun, details about job cut in the Chinese market are not available now.

"But we will handle this in line with related laws and regulations," he added.

Paul Chan, Hewlett-Packard's managing director for the Asia-Pacific region, said on Wednesday that the computer giant "will have an idea of what we need" by the end of July.

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