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


To: PCSS who wrote (95997)3/12/2002 5:25:07 PM
From: Elwood P. Dowd  Read Replies (3) | Respond to of 97611
 
I'm certain that Carly and co. would have planted a shill in the audience to pose the questions.

El



To: PCSS who wrote (95997)3/12/2002 5:44:51 PM
From: Lynn  Read Replies (1) | Respond to of 97611
 
An article posted to the online version of the WSJ makes it appear that the questions released today by HP were either not asked or answered. It sounds as if nothing new was stated during the conference. For most of the article:

Hewlett Says Combined Company
Couldn't Challenge Dell or IBM

A WALL STREET JOURNAL ONLINE NEWS ROUNDUP

Walter Hewlett held a teleconference late Tuesday in
which he said he believes the majority of
Hewlett-Packard Co. shareholders agree with his
dissident stance on the proposed Compaq Computer
Corp. acquisition.

In the conference,
he reiterated the
reasons he has for
opposing the deal.
[snip a chunk]

"H-P cannot out-Dell Dell and out-IBM IBM at the
same time ... and that's what this merger would
require," he said.

Ahead of Mr. Hewlett's teleconference,
Hewlett-Packard released a laundry list of what it
called "key questions" Mr. Hewlett has left
unanswered.

"Despite four months of vocal opposition to the
Compaq merger, Hewlett has failed to address many
critical questions," H-P said. H-P questioned whether
Mr. Hewlett would be able to boost shareholder value
without the Compaq purchase. H-P questioned how
he would restructure the PC business. "How many
layoffs will this require?" the press release asked.

Also, the company asked for details on Hewlett's
discussions with Lew Platt on reassuming the chief
executive position if the Compaq transaction fails.
Hewlett asked Mr. Platt last week to rejoin H-P, saying
that current Chief Executive Carly Fiorina should leave
the company if the deal is voted down.

Updated March 12, 2002 5:35 p.m. EST

online.wsj.com

Lynn