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

To: StanX Long who wrote (58431)	1/5/2002 2:48:15 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Hewlett family sells shares January 4, 2002: 5:21 p.m. ET Hewlett family foundation, opposed to merger, recently sold 5.5M shares. money.cnn.com Hewlett files Compaq proxy - Dec. 27, 2001 SAN FRANCISCO (Reuters) - A Hewlett family foundation headed by the chief opponent of Hewlett-Packard Co.'s merger with Compaq Computer Corp. recently sold 5.5 million shares of HP stock, the foundation's finance chief said on Friday. The move marginally shrinks the bloc of shares committed in opposition to the deal and the forces that Walter Hewlett, the foundation chairman and son of HP founder Bill Hewlett, can call upon in his pitched battle over Hewlett-Packard's (HWP: Research, Estimates) future. The William and Flora Hewlett Foundation also sold the stock after Nov. 6, when Hewlett, the son of founder Bill Hewlett, announced his opposition to the merger, sparking a 17 percent run-up in the stock for the day on expectations the deal could be scuttled. But foundation Chief Financial Officer Laurance Hoagland said by telephone an investment committee made the decision independently of Hewlett and, as part of an effort to diversify its portfolio, valued at more than $3 billion. "I actually haven't talked to Walter about that. So I don't know if he would have a preference between keeping the votes and the other value of being sure the foundation interest is given paramount importance here," Hoagland said. "The whole process is set up to avoid a conflict of interest." Hewlett is soliciting shareholder votes against the $24.8 billion merger and the 5.5 million shares sold represent a 0.3 percent ownership interest that would otherwise have supported his position when the vote is taken, a move expected no sooner than late February. The foundation still holds some 36.5 million shares and the 5.5 million it sold is a small portion of the roughly 18 percent bloc of HP stock held by founding family members and foundations opposed to the deal. Even so, analysts have cautioned the merger vote may be decided by a slim margin.

To: StanX Long who wrote (58431)	1/5/2002 10:40:51 AM
From: Gottfried	Respond to of 70976

Stan, chart comments: I put little stock into H&S formations and especially not those lasting years. The Nas 100 is now above the 200 day ma [a good thing according to TA observers] and it is true that the next resistance is the May 22. peak. Nas 100 has a ways to go to reach that. There's nothing in that chart predicting what will happen now, but the strong volume yesterday gives hope. H&S formations are strongly subject to interpretation, therefore ambiguous. Gottfried

To: StanX Long who wrote (58431)	1/5/2002 11:00:48 AM
From: Gottfried	Read Replies (1) \| Respond to of 70976

Stan, I would ignore the Nas 100 chart you linked to. It disagrees with Stockcharts' version and I trust StockCharts stockcharts.com[w,a]daclyyay[pb50!b200!f][vc60][iUb14!La12,26,9!Lf!Lk14] This shows resistance at 1735. SI's Nas 100 chart is screwed up and useless siliconinvestor.com Yahoo confirms the peak of resistance early in Dec finance.yahoo.com^NDX&d=c&k=c1&a=v&p=s&t=1y&l=on&z=l&q=l Gottfried PS: I've found StockCharts conscientious about their data integrity. It makes sense since charts are their only business. Gottfried