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

To: Lynn who wrote (96469)	3/22/2002 9:51:49 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Imo, HWP is holding CPQ back this morning on the HWP news that I posted last night. The timing of the news is interesting as it relates to the merger vote. CPQ will probably issue some bad news as well for Q1. Imo, both companies used creative accounting techniques and stole earnings from Q1 via manipulation of business deals and inventory to have come up with the better than expected Q4 '01 results they needed to benefit the merger's chances of being passed. HWP @ 15 would put CPQ @ 9.48. Stand by for more of this kind of news: NEW YORK (Dow Jones)--On the eve of the Hewlett-Packard Co. (HWP, news, msgs) shareholder vote on the proposed merger with Compaq Computer Corp. (CPQ, news, msgs), the head of H-P's services unit informed her managers the unit's revenue and profit were "well below plan" so far this quarter. In a memo dated March 18 and obtained Thursday by Dow Jones Newswires, Ann Livermore, president of H-P Services, wrote, "Another cause for concern is that incoming (services) order levels remain very soft.",