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Technology Stocks : Compaq

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To: hlpinout who wrote (54202)3/20/1999 7:57:00 AM
From: JDN  Read Replies (4) of 97611
 
Dear Hlpinout: OK, your post leads into a question I would like to ask the board for help on.
Just received CPQ's proxy and proxy statement last night. Wondering how I should vote. Here are my questions:
1. Board of Directors--Considering the size of CPQ I am UNDERWHELMED by this Board. Look to me like a bunch of YES PEOPLE. I see no one who really stands out as a creative thinker?? What do you think?
2. Requesting approval for a 25 MILLION share employee stock purchase plan. Basically allows SELECTED employees to buy stock at 85% of market. My concern is seems to me that this just aggravates the situation of employees SELLING at the inappropriate time for the rest of us shareholders. I see nothing in it that would cause them to BUY AND HOLD. Looks like just another bonus type plan. What do you all think?

JDN
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