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

To: Jerome who wrote (3805)	12/12/2001 1:04:31 PM
From: Oeconomicus	Read Replies (1) \| Respond to of 4722

The problem with your theory is that it relies on the assumption that this is a good deal for HWP. If it's not a good deal and it goes through anyway, $30 is a long way off. BTW, if the market agreed with you that this merger is good for HWP, the initial drop would have been limited to only what it took, combined with a sharp rise in CPQ, to close the spread to a nominal amount. That's not what happened. Instead, both stocks dropped substantially on the announcement. Shareholders voted with their feet. Bob

To: Jerome who wrote (3805)	12/12/2001 1:14:02 PM
From: Uncle Frank	Read Replies (3) \| Respond to of 4722

>> HWP completes the deal and the after the dilution HWP goes from todays price to $30.00 a share......How did you or any other HWP shareholder get hurt??? At first glance, the hwp shareholders wouldn't have been hurt, but that would only be true if the increased valuation was a result of the acquisition. That would only happen if the acquisition was accretive, which many suggest won't be the case. I disagree with those who suggest that the position of the Foundations is frivolous. They employed an army of experts to do due diligence before they decided to oppose the move. The fact is, under the current arrangement, HP would be awarding cpq a 50% premium for the privilege of bailing them out. I can understand why cpq shareholders would be annoyed if the deal would fall through, and why Ms. Fiorina and her management team want it to happen, but wonder if there are any long term HP shareholders who support the merger. uf