In article <[log in to unmask]>, "Terry C. Shannon" <[log in to unmask]> writes:
> Got an opinion about the December 7 Development in the HWP-CPQ Merger story?
> Why not pay a visit to
> www.tru64.org and weigh in on the following survey:
>
> In light of the announcement that the David and Lucile Packard Foundation
> will not support HP's
> proposed acquisition of Compaq, do you believe the proposed merger:
>
> -  Is likely to succeed
>
> - May or may not succeed
>
> - It's toast!

What is needed for it to pass? IIRC the Compaq/DEC merger required a 2/3
vote of all outstanding shares. While it got a huge percentage positive
vote, ther were enough "no responses" that the total at the end came to just
under 70% of the shares voted YES. So in reality it only passed by about 3
percent.

If this one also requires a 2/3 vote of all outstanding shares, and you
start with a large chunk of NO, you're fighting a major uphill battle. Now
if the Hewletts and Packards start soliciting proxies for others to vote
against, it's toast.

Of course, it may be toasted by the government before it gets that far...

        The problem with governments is that citizens need to keep
        them on a short leash; unfortunately the nature of the beast
        is such that governments can usually arrange it so that only
        they hold their own leash.

        26-October, 2001: A day that will live in infamy
        Support Freedom: http://www.indefenseoffreedom.org/

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