HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 24.42

+1.8%

Nov 28 9:30 AM EST

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To: BelowTheCrowd who wrote (3750)	12/10/2001 10:01:57 PM
From: FR1	Read Replies (2) of 4722

I'm going to have to go back and defend my original thought: Message 16763890 I saw Dan Niles tonight and he said almost exactly what I thought but with more research. There are very few people I respect in the industry (almost zero) but I do listen to Niles. Niles points out that CPQ is just now starting to reap the benefits of years of restructuring and this is the ideal time to buy if you were going to buy. CPQ restructured and is going after the high end of the market which is just what HP has to do if they want to remain a major player. He says that HP, with Dell on one side and IBM on the other, has to do something and this will put them right in the middle of the battle. Right now they are just dying and without the merger HP is really hurt. He feels that most family people against the merger are looking at business through the rear view mirror dreaming about how nice it was in the old days at HP. Those times have past and you have to shake things up and grow or you will die a slow death. The families, who have no operational experience, talk about how the layoffs will hurt, etc, etc - Get real. Their HP stock is their meal ticket and they don't want to take any chances with it. They don't realize that doing nothing is the worse chance of all. Their meal ticket will evaporate because they refuse to listen to management & BOD (all of whom back the deal). When all the experts running the show tell you to go north and you, who know nothing, decide to take the ship south, then you will get what you deserve. Fund managers against the merger are mostly people afraid to go through the shakeout that comes with a merger because it might hurt share price. Niles also points out, correctly, that when Carly goes so will some top management. HP will be left with mediocre management and a mediocre company slowly bleeding itself to death. What some people have told me seems to be true. That is that most people who disapprove of Carly talk about her lack of vision. Yet have absolutely zero in the way of vision. When asked they can not lay out a specific strategy plan for HP. A major merger in the billions of dollars is vision. ...but wasted on the Gucci sons and daughters who are busy sinking the ship their parents worked so hard to build.

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