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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (93746)	11/14/2001 10:41:37 AM
From: The Duke of URL©	Read Replies (2) \| Respond to of 97611

From Comdex: Carly's comments on the earnings vis a vis the merger: HP profits fall, but beat estimates By Margaret Kane Staff Writer, CNET News.com November 14, 2001, 6:50 a.m. PT update Hewlett-Packard, battling to complete a proposed megamerger with Compaq Computer, reported Wednesday that fourth-quarter sales slipped 18 percent from the previous year but that it surpassed analysts' earnings estimates for the quarter. ... If anything, HP has been suffering from a bit too much press lately. A fight has erupted over the company's bid to merge with Compaq, and representatives from both the Hewlett and Packard families have come out against the deal. According to some analysts, the David and Lucile Packard Foundation, owner of almost 12 percent of HP shares, could make or break the merger. Chairman and CEO Carly Fiorina said in the earnings release that "we are convinced that the Compaq transition is a unique opportunity to move HP into the future and benefit our shareholders, customers and employees." Compaq offers "breadth and depth" She took an even more direct line during a conference call with analysts, spelling out a list of HP's challenges and explaining how the merger would help solve each of them. "Fundamentally, it's clear that we need to do more to ensure that our computing business is truly poised for leadership and growth. With Compaq we gain...the breadth and depth (to do that)," she said. "Change can be unsettling...but preserving the status quo and takings small steps to improve our competitive business will not serve anyone's interest." news.cnet.com