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Technology Stocks : HWP -- Hewlett Packard
HPQ 19.83+1.6%Jan 22 3:59 PM EST
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To: Jerome who wrote (3805)12/12/2001 1:04:31 PM
From: Oeconomicus  Read Replies (1) of 4722
 
The problem with your theory is that it relies on the assumption that this is a good deal for HWP. If it's not a good deal and it goes through anyway, $30 is a long way off.

BTW, if the market agreed with you that this merger is good for HWP, the initial drop would have been limited to only what it took, combined with a sharp rise in CPQ, to close the spread to a nominal amount. That's not what happened. Instead, both stocks dropped substantially on the announcement.

Shareholders voted with their feet.

Bob
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