Compaq Message Board - Msg: 17187321

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Technology Stocks : Compaq

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To: Jerome who wrote (95974)	3/12/2002 1:03:58 PM
From: Elwood P. Dowd	Read Replies (1) of 97611

They have nothing to gain by announcing publicly what their intentions will be. Fo example...If Fidelity said they would be in favor...then Vanguard might be inclined to do the opposite. Of course they have something to gain and that is to promote the cause that they support. In other words, to get the ball rolling on the support side much as calPers did for WW in announcing that they would vote against the merger. WW is clearly winning the battle right now as can be seen by the widening spread. Why would Vanguard want to vote opposite of Fidelity? When calPERS came with news that they would vote against the merger, WF didn't come out and do the opposite. El

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