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

To: PCSS who wrote (95441)	2/26/2002 7:38:30 AM
From: PCSS	Read Replies (1) \| Respond to of 97611

WorldCom Teams With Compaq to Provide Leading Solutions for Web Hosting and Colocation Customers Industry Leaders Join Forces to Meet Enterprise e-Infrastructure Needs siliconinvestor.com

To: PCSS who wrote (95441)	2/26/2002 7:55:38 AM
From: Elwood P. Dowd	Respond to of 97611

Compaq-Hewlett deal opposed by institutional investor -WSJ NEW YORK, Feb 26 (Reuters) - Brandes Investment Partners LP, a money-management firm that held about 1.3 percent of Hewlett-Packard Co. (NYSE:HWP - news) shares at the end of 2001, plans to vote against H-P's proposed acquisition of Compaq Computer Corp. (NYSE:CPQ - news), the Wall Street Journal reported on Tuesday. San Diego-based Brandes owned 24.7 million H-P shares as of Dec. 31, making it the 12th-largest institutional holder of the technology company's shares, the Journal said. The Hewlett and Packard families and their charitable foundations have already said they will vote their combined 18 percent holdings against the deal. A shareholder vote on the proposed transaction is set for March 19. A simple majority of votes are required to approve the deal. Vinit Bodas, a partner and senior analyst at Brandes, told the Journal that the merger would entail ``considerable cultural and integration risks.'' Bodas said he favors a stand-alone H-P that will ``focus and execute'' on its enterprise offerings and consider a spinoff of its printer and imaging unit, according to the Journal.