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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: oilbabe who wrote (3295)	10/28/1999 8:39:00 AM
From: Xpiderman	Read Replies (2) \| Respond to of 4722

John, RE: Selective disclosure To: John Fowler (91059 ) From: GVTucker Did somebody know about the problems at HWP in advance? Probably. But the game is far less rigged today than it was 5 years ago, and was less rigged then than it was 10 years ago. It really is getting better. I was speaking with one of the most successful hedge fund managers around two weeks ago, a man many have never heard of yet manages multi-billions. He was lamenting 'the good old days' when his best ideas came from sharing drinks with a company CFO. If you knew how to ask the right questions when a guy was drunk, the odds were pretty high that you could get a good tip. Today, it is the rare corporate executive that will breach a confidence in such a circumstance. When there is a leak (as in HWP today), it most probably comes from somebody lower down in the chain who probably has never heard of the phrase 'selective disclosure.' And no matter how much progress we make in information flow, there is nothing we'll be able to do about that kind of situation. In the days before Marty Siegel/Ivan Boesky, everybody on Wall Street knew everything about every takeover in the works. Today, rumors are still out there, but they are far fewer. Again, when a leak happens, it comes from somebody way down in the food chain. The higher level executives just make too much money to sacrifice their jobs for an extra $50 grand or so. The system will never be perfect. That would be dependent on everyone in the world being honest, and that is not realistic. But the system is much better today than it ever has been and is getting better all the time. Indeed, a business such as mine would have never been possible under the old system. I don't have enough money. But today, I can play the game on close to an equal level. Message 11730655

To: oilbabe who wrote (3295)	10/28/1999 2:09:00 PM
From: BelowTheCrowd	Respond to of 4722

I haven't seen a lot of blood flowing in the halls yet, but there is a heightened urgency to everything. Carly is not allowing much wiggle room, and is not giving any opportunity to delay decisions. The company re-alignment WILL be done by the end of the year. Last remaining piece is to determine exactly where PCs are going to fit in the structure. Revenue and profit goals are pretty clear. I'm guessing that over the next couple of years she'll yank product lines which don't have the growth potential she's looking for. In the meantime, a new brand campaign is getting in gear. We just placed our first (ever) PC ad in a national magazine (People, p. 129 this week) highlighting the internet-friendly nature of the product. I'm guessing other divisions will be out there soon too. Focus is on "HP" not on the individual product line brands, which is good. mg