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Technology Stocks : Compaq

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To: Jerome who wrote (95889)	3/9/2002 10:08:28 AM
From: Elwood P. Dowd	Read Replies (1) of 97611

Chicago Tribune Calpers Story........ by: deedee4re 03/09/02 09:36 am Msg: 101648 of 101654 chicagotribune.com chnology%2Dhed THE TICKER HP-COMPAQ: Big pension fund to oppose merger Reuters Published March 9, 2002 SACRAMENTO, Calif. -- The nation's biggest pension fund said Friday that it would vote against Hewlett-Packard Co.'s proposed $22 billion acquisition of Compaq Computer Corp. on grounds the deal would not bring long-term value to its portfolio. The California Public Employees' Retirement System, or Calpers, owns only a small portion of the outstanding shares, but the giant pension fund's moves are closely watched among investors. The decision comes days after the deal got a thumbs-up from Institutional Shareholder Services, an influential independent investment advisory firm, and looked likely to intensify the bitter fight over the deal. Copyright © 2002, Chicago Tribune These articles across the country will give the other fund managers something to contemplate over the weekend. The timing was great for Calpers. Thanks Calpers! D.

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