HWP -- Hewlett Packard Message Board

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Technology Stocks : HWP -- Hewlett Packard

HPQ 19.35

-2.4%

11:44 AM EST

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To: Jerome who wrote (3805)	12/12/2001 1:14:02 PM
From: Uncle Frank	Read Replies (3) of 4722

>> HWP completes the deal and the after the dilution HWP goes from todays price to $30.00 a share......How did you or any other HWP shareholder get hurt??? At first glance, the hwp shareholders wouldn't have been hurt, but that would only be true if the increased valuation was a result of the acquisition. That would only happen if the acquisition was accretive, which many suggest won't be the case. I disagree with those who suggest that the position of the Foundations is frivolous. They employed an army of experts to do due diligence before they decided to oppose the move. The fact is, under the current arrangement, HP would be awarding cpq a 50% premium for the privilege of bailing them out. I can understand why cpq shareholders would be annoyed if the deal would fall through, and why Ms. Fiorina and her management team want it to happen, but wonder if there are any long term HP shareholders who support the merger. uf

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