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Technology Stocks : HWP -- Hewlett Packard

HPQ 26.22

-1.6%

12:09 PM EST

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To: Dave B who wrote (4568)	4/24/2002 3:40:26 PM
From: Kirk ©	Read Replies (2) of 4722

"Under direct testimony, Wayman said he believed Deutsche Bank's asset management arm was going to vote most of its 24 million H-P shares in favor of the merger. He added that he would not have hired Deutsche Bank investment bankers in February to assist H-P in its proxy battle if he had known otherwise." and "However, Wayman added that he didn't think the investment banking relationship would affect Deutsche Bank's vote in the proxy battle, since he assumed a "Chinese Wall" existed between the investment banking and asset management sides. " then "The finance chief said he was "agitated" and "frustrated" when he learned the weekend before the March 19 shareholder vote that Deutsche Bank was planning to vote most of its shares against the deal. He requested, and received, a teleconference with Deutsche Bank officials the morning of the vote to present the merits of the deal. Wayman, like Fiorina who also participated in the call, said he is not sure which Deutsche Bank officials participated in the call." I worked at HWP for nearly 20 years and I don't recall a teleconfernce where we didn't introduce ourselves. Perhaps things have changed? Kirk

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