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Technology Stocks : Compaq

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To: Jerome who wrote (95530)	2/27/2002 11:28:04 PM
From: Elwood P. Dowd	Read Replies (1) of 97611

New Zealand Watchdog OKs Merger Of Hewlett-Packard, Compaq Units WELLINGTON -(Dow Jones)- New Zealand 's competition watchdog, the Commerce Commission, said Thursday it has cleared the local units of Hewlett-Packard ( HWP) and Compaq Computer (NYSE: CPQ - news) Corp. (CPQ) to merge. Commission Chairman John Belgrave said the regulator is satisfied the proposed acquisition will not substantially lessen competition in any market. The U.S. parent companies plan to merge in a transaction that will see Compaq integrated with a newly formed unit of Hewlett-Packard. The terms of the New Zealand merger haven't been finalized. - Dow Jones Newswires; 6 4-4-47 1-5990; stephen.wright@dowjones.com (This story was originally published by Dow Jones Newswires)

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