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Technology Stocks : HWP -- Hewlett Packard -- Ignore unavailable to you. Want to Upgrade?

To: Dave B who wrote (4599)	4/25/2002 5:28:05 PM
From: rudedog	Respond to of 4722

I am amazed that Hewlett allowed himself to be talked into this lawsuit. There was nothing offered in evidence even out of the ordinary, let alone significant enough to have affected the voting. I expected at least some piece of evidence which might have been at the heart of the suit. What was Hewlett thinking??? In retrospect the suit was a selfish and destructive act.

To: Dave B who wrote (4599)	4/25/2002 6:59:30 PM
From: Dave B	Read Replies (1) \| Respond to of 4722

HP, Compaq merger trial concludes; no immediate conclusion WILMINGTON, DE, Apr 25, 2002 (AFX-Asia via COMTEX) -- The trial contesting the merger between Hewlett-Packard Co and Compaq Computer Co ended late, with no immediate conclusion. The court judge, Chancellor William Chandler III, has ordered both sides to submit summaries of the case by midnight tomorrow. His decision, could come at any time after those briefs are given to the court. Taking the witness stand a second time today was HP CEO Carly Fiorina, who testified to the veracity of a partial transcript of a recording made of a March conference call with Deutsche Bank officials, who voted a large block of HP shares for the merger. Fiorina testified she was only expressing a courtesy when she ended the call by saying she looked forward to doing business with the bank. HP heir Walter Hewlett, however, is charging that HP officials offered improper business inducements to Deutsche Bank to sway its vote. Also taking the stand today were HP and Compaq officials -- all of whom bickered over whether the company had issued a firm prediction of some 81 bln usd in revenues for the merged companies by 2003. Hewlett contends the prediction was made and improperly used to persuade shareholders to vote for the merger, though HP contends that figure was never explicitly put before shareholders. HP shareholders approved the deal by a thin margin on March 19. tr/mjb/mk/leb/gc Copyright 2002. AFX News Ltd. All rights reserved.