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Technology Stocks : Compaq
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To: hlpinout who wrote (60336)5/3/1999 1:19:00 PM
From: rudedog  Read Replies (2) of 97611
 
Hio -
At the time the gateway deal fell apart, there were 2 fairly consistent rumors about the reasons. First, people involved in both the negotiations and presentations to the board said that Waitt had a huge ego and wanted a guarantee of a senior management position, but the board felt that he did not have either the experience or skill set to play a broader role in CPQ. Second, the terms of the deal were never "in the box" - Waitt wanted a lot more than CPQ was willing to offer. So I think that the idea that CPQ was on the brink of a deal is just revisionist history.
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