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

To: Night Writer who wrote (94063)	12/9/2001 1:09:40 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

PC Industry's Heyday May Be Over in U.S. By CHARLES PILLER and ALEX PHAM The crumbling $25-billion merger plan of Hewlett-Packard Co. (NYSE:HWP - news) and Compaq Computer Corp. (NYSE:CPQ - news) may be signaling that America's personal computer industry is nearing the end of its era, analysts and economists say. Like the once-great companies that dominated the world's production of steel, televisions and memory chips, the PC industry has been drubbed into the realization that even being the biggest in the world does not guarantee success against plummeting prices, high labor costs and global competition. The situation has been underscored by a sobering statistic: For the first time since the PC was introduced two decades ago, sales have fallen this year in the United States. The rejection Friday of the HP-Compaq merger by HP's largest shareholder group, the David and Lucile Packard Foundation, has reinforced the message that there is no salvation in simply getting bigger. The deal could still go through if large institutional investors rally behind it, but many analysts see that as unlikely. Full story at Los Angeles Times