HP, Compaq Deal Puts FCB on the Defensive

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NEW YORK — Foote, Cone & Belding could stand to be the biggest loser should Hewlett-Packard go through with its plans to buy Compaq, sources said.

Traditionally, agencies that work with the acquiring company have the edge in maintaining the relationship. That, combined with remarks from HP CEO Carly Fiorina last week, doesn’t bode well for FCB’s future on the brand, sources said last week.

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