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Technology Stocks : HWP -- Hewlett Packard
HPQ 26.64+2.7%Nov 5 3:59 PM EST

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To: H James Morris who wrote (4562)4/25/2002 10:34:03 AM
From: BelowTheCrowd  Read Replies (1) of 4722
 
> Walt will never win, but the soap opera has been fun to watch though. <

True, but I suspect that Carly will lose too. The revelation that she and Capellas had good indications that the deal wasn't as rosy as they were telling their investors AND their boards, but chose to withhold that information as "not material" will wreck her career.

Unfortunately, she's been trying the same kinds of cover-ups and "managed numbers" strategies that worked at Lucent during the bubble. Old dog, same old tricks. In the post-Enron world, those tricks are no longer acceptable. I think both of them are gone within a year. Somebody new will have to pick up the pieces, disclose the full truth to investors and try to make something of the reality.

I suspect this merger will end up right up there with AOL/TWX in terms of the value that will need to be written off in the end.

Michael
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