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To: PCSS who wrote (96208)3/18/2002 4:29:17 PM
From: Elwood P. Dowd  Respond to of 97611
 
Texas Teacher Pension To Vote Against H-P, Compaq Deal
By: Donna Fuscaldo, Of DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- The Teacher Retirement Systems of Texas said Monday it will vote its shares against the proposed merger of Hewlett-Packard Co . (HWP) and Compaq Computer (NYSE: CPQ - news) Corp. (CPQ).

John Peavy, chief investment officer of the pension plan, confirmed it would vote against the combination. The pension fund owns about 5.9 million shares, or 0.3%, of H-P.

H-P shareholders are scheduled to vote on the proposed merger Tuesday.

-Donna Fuscaldo, Dow Jones Newswires; 201-938-5253; donna.fuscaldo@ dowjones.com

(This story was originally published by Dow Jones