Compaq Message Board - Msg: 17155828

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Technology Stocks : Compaq

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To: Piotr Koziol who wrote (95735)	3/5/2002 8:31:44 PM
From: Elwood P. Dowd	Read Replies (2) of 97611

Rockville, Maryland, March 5 (Bloomberg) -- Institutional Shareholder Services Vice President Patrick McGurn comments in an interview on Bloomberg TV about the proxy adviser's support for Hewlett-Packard Co.'s plan to buy Compaq Computer Corp. On the combined company's revenue forecast: ``At the end of the day, we really looked at this deal, and decided that it was one where the numbers proposed by the company are achievable.'' On whether the integration will go smoothly: ``It's not just enthusiasm. We were convinced by the end of the process -- and we spent hours meeting with management and their integration teams -- that they could accomplish their goals.'' On the tone of the debate with Walter Hewlett: ``It's kind of sad. We did start off with a very substantive discussion, and it has degenerated in recent weeks. It's likely to degenerate even further into name calling. That's not something we like to see.'' On whether Chief Executive Carly Fiorina should stay: ``That's not our call. They've got a big sales job left to do. There's still a major sales job that remains to be done by the H-P and Compaq management. Our clients have free will. They can make up their own minds, and they will.''

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