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

To: Lynn who wrote (97210)	4/17/2002 6:43:40 PM
From: PCSS	Read Replies (3) \| Respond to of 97611

Hewlett trust to challenge HP merger vote tally 4/17/2002 6:36:01 PM PALO ALTO, Calif., April 17 (Reuters) - The trust headed by Hewlett-Packard Co. (HWP) dissident director Walter Hewlett, who led opposition to the company's bid to buy Compaq Computer Corp. (CPQ) , on Wednesday said it would challenge a preliminary tally showing shareholders approved the merger. "We will examine and challenge," said Todd Glass, a spokesman for the William Hewlett Revocable Trust. Hewlett-Packard said on Wednesday that the initial results showed that shareholders had approved the controversial merger by a 3 percent margin out of 1.63 billion shares voted. In an earlier statement, the William Hewlett Revocable Trust, which represents the assets of one of HP's co-founders, had only said that "extremely narrow" decision could be challenged under corporate bylaws. HP, in its statement, said a recount could be completed in about a week with another day or two to complete the challenge process. A source close to Hewlett's camp said the company was trying to hurry those proceedings before a pending lawsuit challenging the merger vote goes to trial in Delaware. It would take some time for proxy solicitors from both sides to examine votes and complete a recount, he said.