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November 12, 1997updated 03 Sep 2016 7:59pm

HP SAYS INTERNET GROUP HAD DONE ITS JOB

By CBR Staff Writer

Hewlett-Packard Co says it’s closed its 250-person internet technology group in Chelmsford, Massachusetts because the team completed its work and it is not in the business of creating self-perpetuating bureaucracies. HP created the group a year ago to seed internet technologies that could be across all of its divisions after it realized we missed the first ten episodes of the internet story. Ira Goldstein, who lead the group, remains HP’s company’s chief internet technology officer. The 250 employees are being absorbed into other HP divisions or offered severance packages. The group’s ideas and technologies have informed HP’s new generation of digital imaging consumer products and its internet-based supply chain application solutions – see separate stories in this section.

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