HP/CPQ: It’s all bad

The Merc had a major takeout on the merger this morning. Scott Herbold, the stock columnist, said the merger wasn’t worth a hill of beans. Dan Gillmor said: “When one beleaguered giant buys another, you can smell the desperation. It’s oozing from the corporate pores” at the two computer makers. Some observers see this as indicator of a wave of consolidation; Ernst & Young, for example, is staffing up its San Jose office, which focuses on mergers and acquisitions. Employees are nervous and with a projected reduction of 15,000 staff I can’t blame them.

The Reg has an insightful analysis of how the talks began. Another side effect of SirCam?