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

To: Elwood P. Dowd who wrote (95952)	3/11/2002 8:02:02 PM
From: Elwood P. Dowd	Respond to of 97611

Wells Fargo to vote no on H-P-Compaq By Mike Tarsala, CBS.MarketWatch.com Last Update: 7:51 PM ET March 11, 2002 LOS ANGELES (CBS.MW) - Adding to the rising stack of "no" votes, Wells Fargo & Co. on Monday said it will cast its roughly 4.4 million shares against Hewlett-Packard's planned acquisition of Compaq. The bank owns a relatively small stake of H-P - about 0.23 percent. But it marks the second institutional investor to come out against the deal in as many trading days. Wells' decision to vote against the controversial merger comes on the heels of an announcement by the California Public Employees' Retirement System on Friday that it will not back the acquisition. "Yes, we will be voting no," said Mary Trigg, spokeswoman for Wells Fargo in Los Angeles. She said the bank could not immediately elaborate on the reasons for its decision, or how the decision was made. Wells also is a subscriber to Institutional Shareholder Services - the influential proxy advisement firm that backed the merger last week. The ISS decision is expected to sway votes in favor of H-P and Compaq's management. Shares of H-P (HWP: news, chart, profile) rose 39 cents on the Big Board to close at $20.98. Shares of Compaq (CPQ: news, chart, profile) fell 53 cents to $11.27. Mike Tarsala is a San Francisco-based reporter for CBS.MarketWatch.com.

To: Elwood P. Dowd who wrote (95952)	3/12/2002 6:33:29 AM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Compaq <CPQ.N>, Singapore plan bio-supercomputer 3/11/02 10:06 PM Source: Reuters SINGAPORE, March 12 (Reuters) - Compaq Computer Corp and Singapore's Nanyang Technological University (NTU) agreed on Tuesday to invest S$12.4 million ($6.8 million) to develop the largest life sciences supercomputing facility in the region. The costs, shared equally by both parties, will go mainly towards hardware and software for the newly launched Bioinformatics Research Centre (BIRC) at NTU. "We are designing the largest life science supercomputing system in the Asia Pacific region, outside of Japan, that's capable of achieving half a trillion operations per second for BIRC," Tan Choon Seng, Compaq's ASEAN managing director, told a news conference. The infrastructure will be implemented in phases and the computer is expected to be ranked among the 80 most powerful computing systems in the world when fully installed in early 2003. U.S. computer maker Compaq is a big supplier of servers to the life science sector and has a partnership with U.S. firm Celera Genomics to write software and build a supercomputer to unravel the human genome sequence. "The attraction of working with Compaq is the fact that they have linkages into all the research institutions as well as universities, so through these linkages we can have access to other researchers," NTU President Cham Tao Soon said. Compaq is also offering S$4 million cash in the form of research grants, scholarships and student awards. The new institute, which will focus on education, research and development and human resources training in bioinformatics, will be the third in Singapore to focus on the upcoming field which bridges biology, physics, engineering and computing. Singapore has been aggressively pushing biomedical sciences as a new pillar of its economy and a means to diversify from its dependence on electronics manufacturing. Copyright 2002, Reuters News Service