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

To: Jerome who wrote (96103)	3/14/2002 8:28:04 PM
From: Elwood P. Dowd	Respond to of 97611

Momentum Continues for Merger of HP and Compaq Institutions, Customers, Reseller Group See Benefits in Combination PALO ALTO, Calif.--(BUSINESS WIRE)--March 14, 2002--Momentum and support for the Hewlett-Packard Company (NYSE:HWP - news) merger with Compaq continued to grow today as several institutional investors, a large industry association for resellers and customers indicated their support of the merger. Today's announcements included: Banc One Investment Advisors intent to vote in favor. Steve Salopek, a Banc One fund manager, said the money management firm is voting for the deal because a combined HP and Compaq is stronger than a standalone HP. ``By combining the two, HP acquires intellectual property in the server, storage and services business,'' Salopek said, adding that there are also significant cost reductions to be had. Banc One owned 5.1 million HP shares as of the end of the year. The State Teachers Retirement System of Ohio told CNET News.com it planned to vote its shares in favor of the deal. The Ohio teachers group, which owns 3.5 million HP shares and 4.3 million Compaq shares, said it met with both sides before making its decision earlier this week. Representative Laura Ecklar said the staff of the teachers' fund made its decision based on several factors, including the amount of integration planning the two firms had done, their confidence in the projected cost savings as well as faith in management. The ASCII Group, Inc. (ASCII), the world's largest community of independent solution providers and value-added resellers (VARs), today announced its support for the merger. ``It is in the best interests of HP and Compaq shareholders to vote in favor of this merger,'' said Alan Weinberger, chairman and chief executive officer of The ASCII Group. ``It is simply a good business decision. Combined, the new HP will have a VAR force in the small- and medium-sized business sector second to none. This market already is a very large and important one for both companies. These `feet-on-the-street' partners provide hardware, software and services to the small business market and give a definite edge to manufacturers whose customers are left out in the cold by direct sellers whose only goal is to make the sale.'' Deloitte Consulting today announced the results of a comprehensive, independent survey of 2,354 Information Technology (IT) decision-makers on the proposed merger. A strong majority of survey respondents -- all of whom are HP and Compaq customers -- view the merger of HP and Compaq as having a positive impact on their business.

To: Jerome who wrote (96103)	3/14/2002 9:01:27 PM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 97611

Carly's latest internal propaganda by: hp_field_guy 03/14/02 06:43 pm Msg: 104999 of 105146 Do not read on a full stomack A Message from Carly Fiorina March 14, 2002 It's been about two years and eight months since I joined the HP Board of Directors and became CEO of this company. From that day forward, the board and I have been committed to one overriding goal: to return this company to greatness, which we define as achieving market leadership in the industries in which we compete. We knew that HP had been slipping into a downward spiral for some time, away from the across-the-board market leadership this company had enjoyed in the past. And we were determined to reverse that trend, to return HP to a company capable of transforming markets and transforming industries. As our respected colleague Dick Hackborn said in a recent letter to our shareowners, "The one thing I've learned in my 40-year association with HP is that nobody is ever happy for very long working in an organization that's not a market success." Every action we have taken since -- including the proposed merger with Compaq -- has been a carefully calculated effort to reinvigorate HP, so we could return to our natural role as a leader, not a follower; so we could fulfill our potential and take advantage of the enormous opportunities in front of us. The power of leverage We have come so far in such a relatively short period of time. If you had attended our most recent Security Analyst Meeting in New York, you would have noticed an impressive difference from past meetings. Each of our senior leaders who presented showed how their individual business was enhanced by its linkages to HP's other businesses -- and how much greater their business potential could be when they leveraged the capabilities of their partners inside the company. Next Tuesday, March 19, is all about continuing the enormous progress we have made in our drive toward market leadership. We have already come a long way and our customers, our shareowners and, indeed, many of you are recognizing the difference. Fighting for our beliefs With only a few days to go before this pivotal shareowner vote, I simply wanted to tell you that I'm proud of you for standing by HP during this unprecedented time, and for focusing on delivering results. We still have a lot of work ahead of us. But we will always fight for what we believe in; we will always fight for what we know is right for this company. As all of you know, nothing worth doing is ever easy. After seeing first-hand the strength and resilience of HP people, I'm even more convinced than ever that we can overcome any obstacles that come our way. Thank you for your hard work, your passion and for all your everyday actions which -- when added together -- show what we can do as a unified company. And if you ever experience the slightest bit of doubt about the course we've chosen, just remember two things: Together, we can do anything. Together, we can change the world. Carly