Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Shawn Donahue who wrote (3913)	3/16/2006 11:19:49 AM
From: Shawn Donahue	Read Replies (2) \| Respond to of 4345

Hewlett-Packard settles gray market case Thursday March 16, 10:37 am ET Hewlett-Packard Co. said on Thursday it has settled with P&E Distributing and its president, David Welker, two defendants in gray market litigation that H-P filed in August 2004 in a Tennessee federal court. Details of the settlement were not disclosed. Palo Alto-based H-P (NYSE:HPQ - News)was seeking more than $8.6 million in pricing discounts for computer equipment that a former Tennessee reseller, Capital City Micro Inc., purchased based on misrepresentations that the equipment would be resold to P&E Distributing of Kentucky. H-P said it continues to pursue its claims against Capital City Micro and its president, Martin Meeks. Capital City Micro was an authorized reseller of H-P and Compaq products and was accused of making unauthorized sales in 2001 and 2002. H-P said it discovered the abuse and terminated its relationship. Shortly thereafter, Capital City Micro became a reseller with Compaq Computer Corp. and was accused of continuing to make unauthorized sales of Compaq products. After H-P and Compaq merged in May 2002, H-P said it stopped all dealings with Capital City Micro. Published March 16, 2006 by the Silicon Valley/San Jose Business Journal biz.yahoo.com