No, I don't think a merger with Dell is going to help.
In my opinion, HPQ needs to:
A). Fire Meg Whitman
B). Boost employee moral
C). Expand R&D, use it judiciously, beware of "smart" phones & tablets
D). Start paying debt, get a stronger financial position
E). No more harebrained acquisitions
F). It is MUCH better to dividend out the money RATHER than blow it on stupid acquisitions
G). Improve product quality. Servers & printers are good, desktops PC's are OK, laptops are laughable
H). If an acquisition is no good, sell it off, liquidate it, or shut it down.
I). All those associated with the acquisitions MUST BE FIRED
My my my, what a list I've made here...Where to begin? HOW ABOUT WITH LETTER A?