HP Completes VoodooPC Acquisition
PALO ALTO, Calif., Oct. 31, 2006 - HP today announced it has completed its acquisition of VoodooPC, a high-end gaming PC provider located in Calgary, Alberta, Canada.
Announced on Sept. 28, the acquisition will strengthen HP’s gaming market portfolio by bringing together the high-end gaming expertise of VoodooPC with HP’s research and development and global distribution capabilities.
Effective Nov. 1, VoodooPC co-owner Rahul Sood will be the chief technologist for HP’s newly formed gaming PC business unit, and co-owner Ravi Sood will be the unit’s director of strategy and marketing. Both executives will report to Phil McKinney, general manager of HP’s gaming business unit and vice president and chief technology officer of HP’s Personal Systems Group.
“HP is delighted to welcome VoodooPC into our new gaming business unit,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “Combining VoodooPC’s passion and expertise of the gaming world with HP’s R&D and marketing infrastructure positions HP to play a leadership role in all aspects of gaming.”
HP plans to maintain VoodooPC’s current distribution model and brand name along with its marketing, sales, support and development operations. Voodoo PCs will continue to be available for purchase on line at www.voodoopc.com.
HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended July 31, 2006, HP revenue totaled $90.0 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the achievement of expected results and other risks that are described from time to time in HP’s Securities and Exchange Commission reports, including but not limited to the risks described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2006, and other reports filed after HP’s Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2005. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2006 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
- Contact Information
- Press Hotline
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.