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


To: PCSS who wrote (97398)4/25/2002 9:53:18 PM
From: sheila rothstein  Read Replies (1) | Respond to of 97611
 
Hi PCSS, it's now obvious that Carly has won...I'm proud of her. The only problem is that WW's law suite caused HWP to waste so much time and money instead of focusing on the merger, products, staffing etc. However, it's almost over and I look forward to be owner of a very successful co. SR



To: PCSS who wrote (97398)4/26/2002 8:38:37 AM
From: Elwood P. Dowd  Respond to of 97611
 
From The Zoo:

Palm Losing Compaq Gains
by: iamlongcpq 04/26/02 06:16 am
Msg: 281596 of 281597

Palm Losing Customers in Western Europe; Compaq Gains, WSJ Says
By Claire Shoesmith

Santa Clara, California, April 26 (Bloomberg) -- Palm Inc. is losing customers in the European personal organizer market, while rival Compaq Computer Corp. is increasing shipments, the Wall Street Journal said, citing Canalys.com Ltd., a U.K. researcher.

Shipments by Palm, the world's biggest maker of hand-held computers, fell 48 percent in the first quarter, while Compaq made 36 percent more deliveries, the paper said. Overall shipments into Europe, the Middle East and Africa fell 30 percent to 679,000, compared with a year earlier, the paper said.

Compaq has taken market share because its devices run software from Microsoft Corp., which has 34 percent of the region's organizer market, compared with 18 percent a year earlier, the paper said.

Canalys, which also said the average price of organizers is rising, reported that computer shipments by Nokia Oyj fell 23 percent from a year earlier, the Journal said. The figures include handheld computers and mobile phones with functions like a calendar, notebook and address book, the paper said.



To: PCSS who wrote (97398)4/26/2002 4:06:56 PM
From: Elwood P. Dowd  Respond to of 97611
 
Hewlett-Packard ready to throw Hewlett off board

By Peter Henderson

SAN FRANCISCO, April 26 (Reuters) - Hewlett-Packard Co.(NYSE:HWP - news) shareholders are expected on Friday to elect a new board of directors that excludes founding family scion Walter Hewlett, who had opposed the company's proposed merger with Compaq Computer Corp.(NYSE:CPQ - news)


The changing of the guard at the annual meeting, where shareholders have no alternative to the slate of directors put forward by the board, will mark the first time in the 63-year history of the company that no member of the founding families will have a seat on the board.

The Hewlett and Packard families -- with about 18 percent of HP stock -- strongly opposed the $18 billion merger that Chief Executive Carly Fiorina has campaigned for.

Fiorina faces shareholders at the second meeting in two months on Friday. Aside from the board election, the agenda this time will not address the contested merger, which was considered on March 19 in a vote that HP says it won, although the results have still not been officially certified.

Hewlett cannot be reelected since the board did not renominate him, refusing to do so after he sued to overturn the merger vote. By the time he launched his suit, the deadline for shareholders to nominate other directors had passed.

A Delaware business court is considering the suit by Hewlett to throw out the March 19 vote, and Hewlett is examining and challenging the preliminary count of the vote made by an independent vote counter.

Lawyers from both sides must file by midnight on Friday their closing briefs in the suit, the focus of an emotional three-day trial that ended on Thursday in which Fiorina said she had neither bought votes nor lied to win the deal.

Observers generally expect the judge to release his decision on Monday, or Tuesday at the latest.

Shares of Compaq have closed in on the price implied by the terms of the merger since the trial began on Tuesday, although the gap increased slightly on Friday. Compaq shares traded 5.7 percent below the implied price in late Friday trade, indicating that expectations were strong the deal would close.

HP shares had fallen 2.4 percent, or 42 cents, to $16.96, while Compaq shares dropped 2.68 percent, or 28 cents, to $10.18 on the New York Stock Exchange.

"Walter Hewlett has rested his case and we think he is far short of having enough evidence for his lawsuit to succeed," said Andrew Whittaker, a Lehman Bros. arbitrage trader who makes money by betting on the chance of mergers succeeding.

At the meeting due to open at 2 p.m. PDT (2100 GMT) shareholders also will vote on confirming Ernst & Young as auditor and vote on two shareholder proposals.

Shareholder activists have put up for vote resolutions to study increased recycling of personal computers and to commit HP to a set of human and labor rights standards in China. Management opposes both proposals.



To: PCSS who wrote (97398)4/26/2002 5:59:01 PM
From: Elwood P. Dowd  Read Replies (3) | Respond to of 97611
 
Compaq customer service: WOW!
by: weapons_grade_investments 04/26/02 05:16 pm
Msg: 281673 of 281679

I don't own CPQ stock, or even follow it much.

I own a Compaq iPAQ Pocket PC, though, and recently had occasion to deal with Compaq Customer Service.

They were helpful, courteous, fast, and efficient, and the repairs cost me nothing. Quite frankly, I am blown away. Here's how it went down:

Step 1: Called 800 number and reported problem. I was told I would have some problems covered under warranty, and for the part that I had broken, they would give me an estimate before proceeding. It would probably be fixed and returned within 5-6 business days.
Step 2: Next day - received padded, custom made postage-paid mailer box, for free.
Step 3: Sent unit in via Airborne Express. (They'll normally come and get it at your house if you have somebody at home during the day, but in my case, I dropped it off Saturday at a nearby Airborne Express office.)
Step 4: Unit was sent back to me in fine condition, the 5th business day.

They did repairs that were not covered by the warranty, and replaced a part I had broken. For free.

I used to have a low opinion of Compaqs until now. I only bought this Compaq product because I got a deal on it, in addition to a big rebate.

On a scale of 1 to 10, I would put my experience with CPQ at very nearly 10. It is the best service I have had, from anyone, for anything, in quite a long time.

-wgi