Compaq Message Board - Msg: 16620528

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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (93624)	11/7/2001 10:31:54 AM
From: Piotr Koziol	Read Replies (1) of 97611

Midland Trading's Kennemore on Hewlett-Packard, Compaq: Comment By Paul Horvitz Chicago, Nov. 7 (Bloomberg) -- Dwayne Kennemore, senior analyst at Midland Trading LLC, comments on opposition to Hewlett- Packard Co.'s proposed $21.4 billion acquisition of Compaq Computer Corp. David Packard, the son of Hewlett-Packard Co. co- founder David Packard, told the San Jose Mercury News he opposes the merger, which he said ``depends on massive layoffs.'' Chicago- based Midland Trading owns shares of Compaq. ``The deal seems like a good survival move for both firms. David Packard's opposition to the deal doesn't make a whole lot of sense if his justification is that the merger will cost jobs. Those jobs will likely be lost anyway if they don't merge.'' ``Those involved act as if they did the deal and then things got bad. It's the reverse -- things got bad for the companies and that's why they decided to do the deal.''

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