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

To: PCSS who wrote (96321)	3/19/2002 2:43:50 PM
From: Elwood P. Dowd	Respond to of 97611

Compaq statement by: iamlongcpq 03/19/02 02:38 pm Msg: 278018 of 278023 HOUSTON, Mar 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- Compaq Computer Corporation (NYSE: CPQ) issued the following statement on the outcome of today's Hewlett- Packard Company (NYSE: HWP) special shareholder meeting in Cupertino, Calif.: While the results of the Hewlett-Packard shareholder vote are not yet official, Compaq is pleased that HP believes it has sufficient votes to approve the merger. "Over the past several months, there has been a groundswell of support from customers, partners and shareholders who are favorable toward the merger as they examine its strategic rationale," said Compaq chairman and chief executive officer Michael Capellas. "We continue to believe that this merger will rapidly accelerate our strategy, improve overall earnings power and provide increased value for customers, shareholders and employees. With the HP vote now behind us and the Compaq shareholder vote Wednesday, we are very close to making this merger a reality."