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FCB May Lose $140 Mil. Compaq Biz After H-P Deal

NEW YORK—Hewlett-Packard’s $18.4 billion acquisition of Compaq is expected to result in a consolidation of ad duties. Sources indicated that H-P agencies Goodby, Silverstein & Partners and Publicis & Hal Riney, both in San Francisco, will likely gain business at the expense of Foote, Cone & Belding in New York, which works for Compaq. In fact, FCB already has “adjusted” its projected numbers for 2002, “realizing there’s a chance of [the agency] not going forward” with the brand, Interpublic Group CEO John Dooner told industry analysts last week.

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