Huge IT news today: HP is buying Compaq for $25 billion. My prediction is that this merger is going to work out about as well as Daimler-Benz’s takeover of Chrysler — in other words, it’s going to be a disaster. Compaq didn’t help themselves out by buying out Tandem and Digital a few years ago, and I don’t see how HP is going to get better by buying out Compaq. The company expects to save $2.5 billion by the middle of fiscal 2004 despite the fact that the costs of merging these two monsters are going to be huge.