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Technology Stocks : HWP -- Hewlett Packard
HPQ 25.94-4.0%Nov 4 3:59 PM EST

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To: Dave B who wrote (4634)4/30/2002 7:10:47 PM
From: Dave B  Read Replies (1) of 4722
 
HP says 'gratified' by court ruling, eager to move forward with merger

PALO ALTO, CA, Apr 30, 2002 (AFX-Asia via COMTEX) -- Hewlett-Packard Co said it is "gratified" with the favourable court ruling and said it is ready to move forward with its merger with Compaq Computer.

"(The) decision speaks for itself," the company said in a brief e-mail statement to the press. "HP is gratified by the ruling and we look forward to the opportunity to move on."

Delaware Chancery Court Judge William Chandler dismissed the Walter Hewlett suit contesting the Hewlett-Packard Co shareholder vote of March 19 on the contested merger with Compaq.

Separately, dissident shareholder Walter Hewlett said he will review the Court's decision. "We will now review the Court's written opinion and decide on a course of action," he said in a statement.

djp

Copyright 2002. AFX News Ltd. All rights reserved.
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