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Technology Stocks : Hewlett-Packard (HPQ)

HPQ 26.28

+0.4%

Nov 7 9:30 AM EST

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To: Jerome who wrote (4051)	5/23/2007 7:37:56 PM
From: Kirk ©	of 4345

5:26PM Hewlett-Packard settles SEC investigation into disclosure of former Director's resignation (HPQ) 45.63 +0.05 : Co announced that it has settled the U.S. Securities and Exchange Commission's investigation regarding the co's disclosure of Tom Perkins' resignation from its board of directors in May 2006. HPQ agreed, without admitting or denying the SEC's findings, to the entry of a cease-and-desist order by the SEC. In the order, the SEC concludes that HP should not have limited its disclosure to the fact that Perkins had resigned, as it did, but also should have reported that he resigned because of a disagreement with the company's operations, policies or practices and provided a brief description of the circumstances around the disagreement. The SEC imposed no monetary or other penalty in connection with the settlement. Co says, "HP acted in what it believed to be a proper manner. However, we understand and accept the SEC's views and are pleased to put this investigation behind us."

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