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Technology Stocks : Compaq
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To: Gerald Drews who wrote (23613)3/29/1998 11:47:00 PM
From: Charles Skeen   of 97611
 
Re: <<<what are the DEC shareholders going to do with the cash and CPQ stock?>>>

Let's face it. A lot of (if not most of) DEC stock is already in the hands of the arbitragers, who simultaneously sold CPQ short as they bought DEC. When the merger is finalized, they will simply deliver the CPQ stock they receive in order to close out the short position. IMO, most of the price action related to the merger has already taken place, so I would not waste time worrying about it.

Charlie.

PS. Through indecision or inertia, I am still holding on to my DEC stock. Actually, there is another reason -- the desire to capture the discount that now exists versus the value of the CPQ offer. I think CPQ-DEC will be a great company, but I will not commit to holding the CPQ stock that I receive -- I think that under current market conditions one has to have a flexible attitude.
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