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


To: MeDroogies who wrote (95412)2/25/2002 10:56:34 AM
From: Elwood P. Dowd  Respond to of 97611
 
Compaq Only Seeking Merger With Hewlett-Packard, USA Today Says
By Tamra Santana

Washington, Feb. 25 (Bloomberg) -- Compaq Computer Corp. says it won't seek a second merger if the $21.3 billion merger with Hewlett-Packard falls through, said Compaq chief executive Michael Capellas, USA Today reported.

Hewlett-Packard is the ``only deal for Compaq,'' Capellas told the newspaper. ``I can't see any other combination in the industry that makes sense.''

Capellas said he noticed a shift in momentum for the merger when the two companies posted better-than-expected financial results, USA Today reported. ``Investors gained confidence after they looked at this a second or third time,'' he said, the newspaper reported.

Compaq shareholders vote on the merger March 20 and Hewlett- Packard shareholders vote March 19, USA Today reported.

(USA Today 2/25 B1) For the USA Today Web site, type {USAT }.