Compaq merger. 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. EDS purchase. On May 13, 2008, HP and Electronic Data Systems announced  that they had signed a definitive agreement under which HP would purchase EDS. On June 30, HP announced  that the waiting period
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