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

To: The Duke of URL© who wrote (94216)	12/13/2001 11:00:50 AM
From: Elwood P. Dowd	Respond to of 97611

Duck: The pro merger team is playin' hardball now. HWP will be left with no leadership if the families don't capitulate, imho. El

To: The Duke of URL© who wrote (94216)	12/13/2001 11:03:14 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Hewlett Director Quits W.Hewlett Group NEW YORK (Reuters) - A director of Hewlett-Packard Co. (NYSE:HWP - news) on Thursday said he had resigned from the board of the foundation led by Walter Hewlett, the son of the company's founder who has been mounting a campaign to stop the planned merger with Compaq Computer Corp. (NYSE:CPQ - news). Richard Hackborn, a member of HP's board, said he had resigned from the board of the Hewlett Foundation, calling Walter Hewlett's opposition to the deal ``ill-advised.'' The move comes as Walter Hewlett's opposition to the merger grows increasingly loud. Walter Hewlett, who controls more than 5 percent of Hewlett-Packard shares through the foundation and other organizations, said in a letter to the boards dated Dec. 12 that he believed a merger vote would fail. Hackborn, on the other hand, has been a staunch supporter of the merger. ``Sadly, Walter Hewlett's decision to wage an ill-advised proxy fight opposing HP's merger with Compaq deeply conflicts with my and the HP Board's belief that the merger represents the very best way to deliver the value and growth HP's shareowners, customers and employees deserve,'' Hackborn said in a statement.