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Despite its unfortunately grim finale, however, Print 01 did provide its share of positive news in its early days. Perhaps the biggest surprise was Indigo's announcement, at a jammed press conference, that it would be acquired by Hewlett-Packard. Earlier this year, HP had bought 13.4 percent of Indigo's outstanding shares, and had even developed its own digital press based on Indigo technology. But this $629 million deal brings HP into the commercial printing arena full force—right on the heels of its merger with Compaq Computer Corp.
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