Hewlett-Packard (NYSE:HPQ) stream of acquisitions in the early 2000, including the acquisition of Compaq Computer and Palm Inc. that supposed to help the company compete effectively against Dell Computer (NASDAQ:DELL) and Apple (NASDAQ:AAPL) is another case in point with the acquisition of Compaq Computer, HP rode the declining trend of the PC market, while with the acquisition of Palm Inc.

FORBES: Do Mergers and Acquisitions Enhance or Destroy Shareholder Value?