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Technology Stocks : Dell Technologies Inc.
DELL 127.92+0.4%3:59 PM EST
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To: OLDTRADER who wrote (168892)2/22/2002 10:53:38 PM
From: stockman_scott  Read Replies (2) of 176387
 
The following letter to the editor appears in the March 4, 2002 issue of BusinessWeek...

'ANOTHER LOOK AT WALTER HEWLETT'

"What's the truth about Walter Hewlett?" (Information Technology, Feb. 11) accurately depicts my friend and colleague as serious-minded and being thoughtful. I have, however, been offended by Hewlett-Packard management's effort to dismiss him as a "musician and academic." He is all that and much more--including having a brilliant analytical mind and a thorough understanding of technology and the rapid pace of change.

For the past five years, I have worked closely with Walter B. Hewlett on the Board of Overseers of Harvard University. He headed the committee on technology and has been immensely helpful to Harvard [and] an outstanding member of the board.

With Walter Hewlett's vast family holdings of HP stock, he has far more incentive to do the "right thing" for shareholder value than HP's existing management. His actions are solely directed at increasing shareholder value. He is devoid of personal aspirations in these matters. I applaud his courageous stand against a management that has unlimited access to the corporate checkbook to pay for full-page advertisements seeking to portray opponents as being "out of touch" and for the "status quo".

[signed] Richard H. Jenrette, New York

[Editor's note: The writer is co-founder of Donaldson, Lufkin & Jenrette Inc. and former CEO of Equitable Companies Inc.]
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