Bangalore: Hewlett-Packard and Compaq have won contracts aggregating $ 100 million in India in the recent period prior to the merger of the two companies, a senior HP executive said on May 8.

"We are also about to win large deals in the next three months," the new HP India president Balu Doraisamy told a news conference in Bangalore, where he announced the official launch in India of the new Hewlett-Packard company.

HP and Compaq Computer Corporation had merged at the global level last week to become the new Hewlett-Packard Company with the merged company having a combined revenue of $ 81.7 billion in fiscal 2001.

Doraisamy said, "we will be aggressive in the market and give a run for the money to others."

He, however, said the next six months (May to October) would be flat in terms of revenue because of the prevailing sentiments in the market. "We are not seeing any great growth because of the market sentiments. It may not improve till the late second half."

About the impact of the decision to lay off some 15,000 work force at the global level on India, he said "India has to contribute. There will be an impact which will become clear in two to three weeks".

Dismissing reports that there would be a 25 per cent cut in the workforce in India, he said the focus was to build the organisation for growth. "We are looking at 25 per cent growth. How can we cut 25 per cent (of the employees)?"

"We will not do anything that will disable us," he said.

The new HP, he said, would focus on customers, employees and partners in the next 30 days.

PTI