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

To: Elwood P. Dowd who wrote (95448)	2/26/2002 9:50:51 AM
From: PCSS	Respond to of 97611

Somewhat surprised at CPQ's performance +.15 this morning --- so far ??

To: Elwood P. Dowd who wrote (95448)	2/26/2002 10:18:16 AM
From: QuentR	Respond to of 97611

Compaq investors seem to agree that in the short run for sure and maybe long term - not so sure - that the merger is good. But I do have some real concerns about how fairly Compaq investors are going to be treated. So, we all vote to approve the merger. What price do we get and when? It will be based on an exchange rate of .6325 of a share of HP common stock effective on the completion of the merger. There will be a lot of investors for irrational reasons cashing in their stock. There have to be a lot of investors like me who are just hoping to get out of this disaster and get the best price for their stock - $20 x .6325 . BUT, will this help hold the value of HP stock if everyone is selling it after the merger? I am really mystified at why the Compaq price is so low to the value of HP. Also, it seems to be in HP's interest to hold the value of the stock down with poor management decisions. What company would come out with a new printer line at the time of Microsoft’s XP release that would be incompatible with XP? Surely everyone would be building equipment that would be compatible with a new major operating system? NOT HP!! IMHO I do not own HP because I do not have any faith in the company. With new management COMPAQ could be successful, but the company is pretty well trashed for now. Let's face it, if Compaq would do what HP is going to do - eliminate all the non profitable divisions, then Compaq would be profitable. Since MC has gotten the company into this position, how is it going to improve when he is running HP? Both companies are doing poorly not because of the size of their companies, but because the people who are making the decisions to run these companies. Maybe a Compaq without MC would be better than an HP with MC. My impression is that Compaq wants to be a one stop place to purchase computing solutions, but successful companies have picked out their specialty and work to be the most successful at it. Let the debate go on, I am not ready to make my decision.

To: Elwood P. Dowd who wrote (95448)	2/26/2002 10:29:46 AM
From: QuentR	Read Replies (1) \| Respond to of 97611

What is a majority in the merger vote? For HP it is a majority of votes cast with at least half the stock holders voting. For Compaq, a majority of stock holders need to vote for the merger. "Failure to vote or give voting instructions to your broker or nominee for Compaq special meeting will have the same effect as voting 'against' the proposal..." --page 5 of merger document. How many people do not vote for these things? For the merger to be approved Compaq has to overcome these votes against. Hmmmm.