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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (55608)	11/14/2001 11:16:54 PM
From: StanX Long	Respond to of 70976

Hewlett Profit, Off 89%, Still Stirs Optimism By STEVE LOHR nytimes.com Hewlett-Packard's chief, Carleton Fiorina, insists merger is essential. The Hewlett-Packard Company (news/quote) reported yesterday that its quarterly earnings fell sharply, down 89 percent from a year ago as revenue declined 18 percent. Yet because its financial results exceeded Wall Street's lowered expectations, Hewlett- Packard executives and some analysts pointed to the figures as a positive sign for its planned merger with Compaq Computer (news/quote). The figures for the fiscal fourth quarter ended Oct. 31 showed that Hewlett-Packard had achieved larger-than-anticipated cost savings. A major rationale for the proposed merger with Compaq, announced in September, was management's contention that the combined enterprise could trim costs by $2.5 billion, mainly by eliminating overlapping operations. Hewlett-Packard's management, led by Carleton S. Fiorina, the chief executive, needs every glimmer of light it can find to improve the prospects of the merger plan. The company says it remains confident that the deal will eventually be approved by shareholders. But the plan suffered a setback last week when Walter B. Hewlett and David W. Packard — sons of the company's founders — said they opposed the deal.

To: StanX Long who wrote (55608)	11/14/2001 11:19:34 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

Stan, max pain[tm] can be a sanity check, but can also be way off. Example: for CPQ max pain[tm] is 7.5 but the stock is now at 10. BTW, on the site I linked before you can have it calculated for months in the future. Of course that only reflects CURRENT sentiment and will change as expiration approaches. Gottfried

To: StanX Long who wrote (55608)	11/14/2001 11:55:01 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Signs the bottom is close. Stan Merrill Lynch set for more job cuts Few workers seen taking voluntary severance packages msnbc.com LONDON, Nov. 14 — Staff at investment bank Merrill Lynch & Co Inc. were braced for a fresh wave of forced job cuts as industry sources said on Wednesday the group’s voluntary redundancy scheme had not attracted enough candidates. MERRILL, WHICH OFFERED severance packages to its 65,900 employees around the globe in a bid to cut costs amid slumping profits, declined to say how many staff had accepted the offer and said it had no overall target for job cuts. Yet some industry sources said the package, based on how long staff had worked for the company, was in most cases not rewarding enough to convince staff to leave. The deadline for accepting the voluntary offer was last Friday.