Compaq Message Board - Msg: 17194934

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Technology Stocks : Compaq

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To: PCSS who wrote (96060)	3/13/2002 5:58:43 PM
From: PCSS	Read Replies (1) of 97611

Putnam to vote for H-P/Compaq merger (HWP, CPQ) Putnam Investment Mangement, Hewlett-Packard's [s:hwp] fifth-largest investor with about 2.5 percent of the company at the end of December, said it will vote its shares in favor of H-P's acquisition of Compaq (CPQ) . "We believe the merger enhances the combined companies' strategic and competitive positions and offers financial benefits to shareholders," Boston-baed Putnam said in a statement. "Therefore, we believe long-term shareholder value will be enhanced as a result of the combination." Michael Capellas, Compaq's chief executive, had said several months ago that Putnam supported the merger, but Putnam wouldn't confirm its endorsement. Shares of H-P fell 45 cents to close at $20.11 on the Big Board. Shares of Compaq fell 12 cents to close at $11.

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