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

To: Night Writer who wrote (95199)	2/11/2002 7:06:24 PM
From: Elwood P. Dowd	Respond to of 97611

Compaq drops net appliance by: skeptically 02/11/02 07:02 pm Msg: 272976 of 272976 news.com.com Compaq pulls plug on iPaq appliance By Ian Fried Staff Writer, CNET News.com February 11, 2002, 2:55 PM PT Compaq confirmed Monday that it is no longer selling the Web-surfing appliances it introduced two years ago. The company said Monday that this quarter it sold out of existing inventory of its iPaq Home Internet Appliance and does not plan to make more of the Web-surfing gadgets. Compaq said it plans to introduce a new generation of non-PC Internet access products later this year, but it would not offer specifics or say why it has discontinued the previous product. "We are working on the next generation of Internet access devices," said Compaq spokesman David Albritton. "We are looking at the feature set...for that device." The discontinued line included two products, both designed to connect to the Internet using Microsoft's MSN Internet service. The flat-panel IA-1 was introduced in August 2000, and the IA-2, a cheaper model with a traditional monitor, was introduced in November 2000. Albritton would not say how many of the Web-surfing gadgets it sold or what features it plans to add to the upcoming devices. Compaq initially marketed the Net appliances to so-called technology newbies, but later changed gears to pitch the machines as ideal for families that already had a computer. "We first marketed toward people who we thought were technology averse," Albritton said. "We found over time it was the perfect complementary device to the PC." Compaq is the last of the big-name technology companies selling a Web-surfing appliance. Among those who have bowed out over the past 18 months are Sony, 3Com, Netpliance and Gateway. However, New Internet Computer Co., a company backed by Oracle CEO Larry Ellison, said Monday that it had inked a deal to sell its Linux-based devices to older Americans in a deal with Internet service provider Senior Explorer.( news.com.com )

To: Night Writer who wrote (95199)	2/11/2002 7:10:11 PM
From: Elwood P. Dowd	Read Replies (2) \| Respond to of 97611

uMonday February 11, 7:07 pm Eastern Time Press Release SOURCE: Walter B. Hewlett Walter Hewlett Responds to Statement From Hewlett-Packard PALO ALTO, Calif., Feb. 11 /PRNewswire/ -- Walter B. Hewlett, on behalf of The William R. Hewlett Revocable Trust and its trustees, today issued the following statement in response to a statement from Hewlett-Packard Company (NYSE: HWP - news): The claim that Hewlett-Packard developed the plan to acquire Compaq as the result of two and a half years of careful consideration and evaluation of alternatives is pure fantasy. In fact, nothing could be further from the truth. The plan to acquire Compaq came as a result of a phone call from Michael Capellas, Compaq's CEO, to Carly Fiorina just a few months prior to the announcement of the transaction, according to HP's own proxy statement. We believe that it was only after this that HP created its purported strategy to justify spending $25 billion to acquire Compaq. The notion that HP's full board has considered, debated and rejected every alternative we now suggest completely defies the record and common sense. The cornerstone of our alternative strategy for HP is that the company should focus on its strengths and build on its good businesses. One of our alternatives is that HP should be strengthening its lead in imaging and printing. The full board clearly supports that strategy and has made some moves in the right direction -- such as the pending acquisition of Indigo. Another alternative we suggest is that HP should be expanding its high-end enterprise solutions and services business. The full Board clearly supports that strategy as well. Finally, we continue to vigorously oppose doubling down on low end commodity PCs and NT servers. Merging with Compaq is not a solution to HP's PC problems. About Walter B. Hewlett Walter B. Hewlett serves as Chairman of The William and Flora Hewlett Foundation, where he has been a director since its founding in 1966. Mr. Hewlett is also a trustee of the William R. Hewlett Revocable Trust. He has served since 1987 on the Board of Directors of Hewlett-Packard Company and since 1999 on the Board of Directors of Agilent Technologies, Inc. He was elected to the Board of Overseers of Harvard University in 1997. In 1994, Mr. Hewlett participated in the formation of Vermont Telephone Company of Springfield, Vermont and currently serves as its Chairman. He founded the Center for Computer Assisted Research in the Humanities in 1984, and currently serves as a director of the Center. He also serves on the boards of The Public Policy Institute of California and The Packard Humanities Institute. Mr. Hewlett is the son of the late Hewlett-Packard Company co-founder, William R. Hewlett. Mr. Hewlett holds advanced degrees in music, engineering, and operations research from Stanford University and an A.B. cum laude in physics from Harvard University. ADDITIONAL IMPORTANT INFORMATION On February 5, 2002, Walter B. Hewlett, Edwin E. van Bronkhorst and the William R. Hewlett Revocable Trust (collectively, the ``Filing Persons'') filed a definitive proxy statement with the Securities and Exchange Commission relating to their opposition to the proposed merger involving Hewlett-Packard Company and Compaq Computer Corporation. The Filing Persons urge stockholders to read their definitive proxy statement because it contains important information. You may obtain a free copy of the Filing Persons' definitive proxy statement and other documents on the Securities and Exchange Commission's website at sec.gov, at the Filing Persons' website at votenohpcompaq.com, or by contacting MacKenzie Partners at 1-800-322-2885 or 1-212-929-5500, or by sending an email to proxy@mackenziepartners.com. SOURCE: Walter B. Hewlett