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To: Chuzzlewit who wrote (85102)	12/13/1998 3:57:00 PM
From: Chuzzlewit	Respond to of 176387

According to CPQ's latest 10-Q (Sept 30, 1998 www2.edgar-online.com current acid test is 0.947, down around 50% from where it had ended in December, '97 of 1.81. OT Newest oxymoron ---> moderate Republican TTFN, CTC

To: Chuzzlewit who wrote (85102)	12/14/1998 1:24:00 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 176387

A Rising Chorus of "NO" Votes on Executive Stock Plans In growing numbers, shareholders are registering their complaints about executive stock compensation plans. That is one finding of a recent study conducted by Strategic Compensation Research Associates, based in Manhattan. The firm looked at shareholder votes on 2,250 plans submitted by companies between July 1997 and June 1998 for new stock compensation plans and addition to existing plans. Such proposals have typically received "no" votes of 5 percent to 10 percent, on average, in recent years. In the last year, however, the average vote against management reached 13.8 percent. At 270 companies, it was higher than 30 percent. The negative votes would be even higher but for the fact that many companies changed their proposals after floating trial balloons with their biggest shareholders before putting their plans to a vote, said Richard H. Wagner, president of Strategic Compensation Research. "The story that is not told in those statistics," he said, "is the many concessions that boards are having to make to institutional shareholders to secure their vote even before the annual meeting." Transcribed from The NY Times, 12/13/98 ------------------------------------------------------ Paul, this is the first time I saw this kind of report. Stockholders are voting their proxies in increasing numbers against excessive executive stock plans. This is good for small investors like me. Regards, Beni Mick Mormony