Taken from:

http://www.gtconnect.com/articles/2005/02/06/news/community/local02.txt

Company representatives refuse to provide specifics on potential cuts

By SEAN WOLFE and BENNETT HALL
Corvallis Gazette-Times

CORVALLIS — The watchword is "transformation."

That's Hewlett-Packard's term for how it will shift its operations to better meet increasing competition and declining growth rate in revenues. The strategy is to emphasize digital photography and home entertainment for the consumer market and push color printing for businesses.

What that will mean for headcounts at HP's sprawling Corvallis campus remains unclear, but Hewlett-Packard employees and community leaders say they've been told to expect big changes.

From the New York Times

Hewlett-Packard's Chief Forced Out, Ending Rocky Tenure
By GARY RIVLIN and MARK GLASSMAN

Published: February 9, 2005

SAN FRANCISCO, Calif., Feb. 9 - Carleton S. Fiorina, perhaps the most powerful woman in corporate America, resigned as the chief executive of the giant computer and printer maker Hewlett-Packard, the company announced today.

The company's board called for Ms. Fiorina's resignation on Tuesday after she and directors disagreed on how to carry out Hewlett's corporate strategy.

The resignation brings to a close a rocky tenure for Ms. Fiorina, who oversaw Hewlett's controversial acquisition of the Compaq Computer in 2002. Her charisma and aggressive, top-down leadership style made her a highly visible personality in the consumer electronics industry and the target of some criticism during her five-year stint with the company. Moreover, the Compaq deal failed to bring Hewlett the profits that Ms. Fiorina had forecast.

 Benton County - http://www.co.benton.or.us
 Business Enterprise Center
 Cascade West Council of Governments
 Cascade West Financial Services
 City of Adair Village
 City of Alsea
 City of Corvallis - http://www.ci.corvallis.or.us
 City of Monroe
 City of Philomath
 Community Services Consortium -
 Corvallis Chamber of Commerce - http://www.corvallischamber.com
 Corvallis Economic Vitality Partnership
 Corvallis Independent Business Association
 Corvallis Neighborhood Housing Services
 Corvallis Public Library
 Corvallis Tourism
 Downtown Corvallis Association
 Economic Development Librarian/OSU