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To: 2MAR$ who wrote (14578)	9/6/2001 5:05:55 PM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

HP buys color print firm Indigo for up to $882 mln <---they wont quit ! CHICAGO, Sept 6 (Reuters) - Computer and printer manufacturer Hewlett-Packard Co.<HWP.N>, which earlier this week made a $25 billion bid for Compaq Computer Corp.<CPQ.N>, said on Thursday it would pay up to $882 million in stock and cash to buy industrial printing systems firm Indigo NV<INDG.O>. HP already had a minority stake in Indigo, which makes high-speed color print technology, an area HP expects will take off in the commercial printing market. The deal would add to HP's earnings per share in the first full year of operation, HP, said in a statement. HP said it had owned approximately 13.4 percent of Netherlands-based Indigo and would pay $629 million in stock for the remainder, with an additional cash payment of up to $253 million contingent upon Indigo hitting revenue targets. Hewlett-Packard shares closed on Thursday at $17.70, off 51 cents or 2.8 percent, reducing the value of its all-stock offer for Compaq to $19 billion from the $25 billion value it announced based on last Friday's closing price. ((Peter Henderson, San Francisco Bureau 415 677-2578 peter.henderson@reuters.com)) REUTERS * end of story *