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Technology Stocks : HWP -- Hewlett Packard

HPQ 20.38

-1.1%

Jan 16 3:59 PM EST

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To: The Duke of URL© who wrote (3844)	12/14/2001 11:39:57 AM
From: Dave B	Read Replies (4) of 4722

Duke, Ya know, and I'm just noodlin' here, but since your going to be on the Board, an' all, and since I used to teach this in law school, it might be worthy of comment that the Foundation is allowed its tax exempt status under 501(c)(3) because it maintains a PASSIVE role, as dictated by 4900 et. seq. of the Internal Revenue Code. Interesting note. What's the definition of "passive" as dictated by 4900, etc.? Does it allow a foundation to exercise the votes that their share ownership provides to them (which is all that the foundation is planning to do at this point)? TIA, Dave

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