From Cnet
By Tom Krazit
http://news.com.com/HP+to+acquire+Voodoo+PC/2100-1047_3-6121020.html
Story last modified Thu Sep 28 16:18:41 PDT 2006
Voodoo PC has agreed to be acquired by Hewlett-Packard, Voodoo founder and Chief Technology Officer Rahul Sood announced on his blog Thursday.
Details of the transaction were not released. Rahul Sood and his brother Ravi, currently the CEO of Voodoo, will take positions within a new game business unit in HP's Personal Systems Group reporting to Phil McKinney, that group's chief technology officer, according to the posting on Rahul Sood's blog.
Voodoo makes expensive high-end PCs for gamers and PC enthusiasts, often with flashy designs and cases. This is a relatively small portion of the PC market, but it yields higher margins than the mainstream market. Customers of companies like Voodoo, Alienware and Falcon Northwest are thought to wield influence over less tech-savvy friends and colleagues.
Earlier this year, Dell brought Alienware into its company as a wholly owned subsidiary, hoping to learn more about these high-end customers and take advantage of the profits. In the weeks prior to that acquisition, Rahul Sood predicted the looming deal after having similar acquisition-related conversations with Dell Chairman Michael Dell, he later revealed on his blog.
Rahul Sood will become chief technologist in HP's game division, and Ravi Sood will take on the role of chief strategist, Rahul Sood wrote on the blog. Voodoo will maintain a presence in Calgary, Alberta, where the company is currently headquartered. The deal is expected to close in November, HP said in a press release.
Voodoo becomes the latest company acquired by HP since CEO Mark Hurd arrived at the company last year. Hurd, who spent Thursday testifying before Congress as part of the investigation into HP's boardroom leak scandal, has also given the nod to purchases of Mercury Interactive and Peregrine Systems, in addition to smaller acquisitions.
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Very interesting and good news, was just at the event where they announced this, let's discuss this here:
http://forum.notebookreview.com/showthread.php?p=1597714
HP to acquire Voodoo PC
Discussion in 'HP' started by jujube, Sep 28, 2006.