Pallisard, I am more concerned about the PR that HP felt obliged to make late Thursday afternoon.
Doesn't seem real serious, but I think some momo players make get out tomorrow. They seem like they look to sell anytime momentum slows down or stops. We'll see what effect it has.
It isn't showing up at newsalert.com, so if any didn't see it:
(COMTEX) B: HP Clarifies Position Regarding Recent Press Release Issu
B: HP Clarifies Position Regarding Recent Press Release Issued by Electronic
Identification, Inc.
PALO ALTO, Calif., Feb 10, 2000 (BUSINESS WIRE) -- Hewlett-Packard
Company today issued a clarification regarding certain statements made
by Electronic Identification, Inc. (EI2), a developer of smart-card
technology, in a press release EI2 issued on Jan. 27, 2000.
HP said that although HP and EI2 entered into a teaming agreement in
May 1999, the relationship to date has not resulted in any sales of
smart-card-technology products or services jointly offered by HP and
EI2. Furthermore, while HP and EI2 have discussed other potential
business opportunities, the two companies have not entered into any
formal agreement to pursue those opportunities.
About HP
Hewlett-Packard Company -- a leading global provider of computing and
imaging solutions and services for business and home -- is focused on
capitalizing on the opportunities of the Internet and the proliferation
of electronic services.
HP plans to launch Agilent Technologies as an independent company by
mid-calendar 2000. Agilent consists of HP's test and measurement,
semiconductor products, chemical analysis and healthcare solutions
businesses, and has leading positions in multiple market segments.
HP has 83,200 employees worldwide and had total revenue from continuing
operations of $42.4 billion in its 1999 fiscal year. Information about
HP, its products and the company's Year 2000 program can be found on
the World Wide Web at hp.com.
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