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


To: Night Writer who wrote (96581)3/28/2002 10:56:10 AM
From: The Duke of URLĀ©  Read Replies (1) | Respond to of 97611
 
I wonder if there are any legal ruling on corporate election deadlines. With all the legal requirements for a merger, I...

[typically]
The by-laws provide exactly for the exact last minute you can change a vote, the by-laws also provide for a manner of counting and verifying the vote, the by-laws are a contract between the shareholders and the corporation, the merger agreements provide additional contract requirements. There will be NO contractually requirements on how to solicit votes. Even if CPQ admits that they bought the vote with promised business, which they won't**, I am not so sure that that's not illegal. (note the expert use of the triple negative)

We are not Florida, after all.

**Allow me to expand, CPQ is going to say, we want these people on board and we gave them our personal assurance that we would pay special attention to the loan.

The Banc is going to say, we made the loan because we want to be paid back, no other reason. There is a "chinese wall" between our trust department and our loan department, grasshoppa.
siliconinvestor.com

Hewlett Revocable Trust, and Edwin E. van Bronkhorst as co-trustee of the William R. Hewlett Revocable Trust, today filed a complaint in the Delaware Chancery Court against Hewlett-Packard Company (NYSE: HWP chart, msgs). The complaint raises issues about the process by which Hewlett-Packard solicited votes for the approval of the proposed merger with Compaq Computer Corporation (NYSE: CPQ chart, msgs) -- particularly from large institutional stockholders including Deutsche Bank.



To: Night Writer who wrote (96581)3/28/2002 10:57:09 AM
From: MeDroogies  Respond to of 97611
 
Biggest case of sour grapes I've seen...
What is this guy thinking? First he tries to scuttle the deal, and in the process turns into the largest gadfly in history.
During the whole mess, he offers no valid alternatives, proving his lack of foresight, and essentially crippling both companies.
Now, instead of being a gracious loser, he starts "whaa, whaa"-ing all the way to court. I think this guy is mentally unbalanced. Does he realize how much he is hurting these companies? For all his talk of caring about the employees and the health of the firm, he's done more to undermine it.

Somebody needs to put this guy out to pasture.