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

To: The Duke of URL© who wrote (96862)	4/7/2002 12:52:45 PM
From: Lynn	Read Replies (1) \| Respond to of 97611

Associated Press: Judge Considers Hewlett Suit Motion Delaware Judge Considering Motion to Dismiss Walter Hewlett Lawsuit WILMINGTON, Del. (AP) -- A Delaware judge on Sunday reserved decision whether to throw out a lawsuit filed by dissident Hewlett-Packard Co. director Walter Hewlett that seeks to halt that company's merger with Compaq Computer Corp (NYSE:CPQ - news). ADVERTISEMENT Chancellor William B. Chandler III heard arguments from lawyers for Hewlett-Packard and for Hewlett, before retiring to his chambers. The suit, filed March 28, claims HP improperly enticed a big investor to back the deal and the company misled investors about the progress of plans to integrate the two computer giants. On Wednesday, Chandler said the case will go to trial April 23 and he allotted three days. Nearly 100 people attended Sunday's hearing, including arbitrageurs and law professors. Votes continue to be counted after five months of debate between Hewlett and merger supporters. HP chief executive Carly Fiorina claimed a small but sufficient margin shortly after the end of a shareholder meeting on the $19 billion merger. Hewlett, the son of the late HP co-founder William Hewlett, has not conceded, saying the vote is too close to call. On Monday, HP said he would not be nominated for re-election to the board of directors. Shares of HP fell 26 cents to $16.99 in Friday trading on the New York Stock Exchange while Compaq lost 2 cents at $9.56 ------ On the Net: HP: hp.com Compaq: compaq.com Hewlett's opposition site: votenohpcompaq.com biz.yahoo.com