At 06:38 AM 4/16/02 -0400, Wirt Atmar wrote:
>April 16, 2002
>
>U.S. Agencies Looking Into Hewlett Vote
>By JOHN MARKOFF

/snip

>Last week Mr. Wayman sent an e-mail message to Hewlett-Packard employees
>defending his and Ms. Fiorina's actions in the merger battle. "Frankly, I
>find these allegations both insulting and infuriating," he wrote. "Neither
>Carly nor I would ever act improperly in any business matter — much less 
>use business assets to secure votes."

Hmmmm....  I wonder where the funds came from that the board/execs used
to solicit all the votes 'for' the merger?  I've never received that
many proxy cards or personal calls soliciting my vote for other stock
I own.  Isn't the cash that a corporation has considered a business asset?





>Today, financial analysts on both sides of the proposed merger said that the
>federal investigations were potentially harmful for the deal.
>
>"I've been for the merger, but you have to take this seriously," said Steven
>M. Milunovich, a Merrill Lynch analyst. "The H.P. view is, `we didn't do
>anything wrong,' and you have to hope they're telling the truth."
>
>Daniel Kunstler, a J. P. Morgan analyst who said he had generally been
>negative on the deal, expressed concern about the disclosure of the
>voice-mail message. "This was an extraordinary leak," he said. "I'm not a
>lawyer or a detective, but the wording is intriguing."
>
>Mr. Hewlett's complaint against Hewlett-Packard will be heard at a three-day
>trial scheduled to begin on April 23. If the judge rules that a new vote is
>required, Mr. Hewlett could delay or possibly even end the attempted merger.
>
>The marriage of Hewlett-Packard and Compaq, the nation's second- and
>third-largest computer makers after I.B.M., has been greeted skeptically by
>many executives in Silicon Valley who say that increasing the size of
>Hewlett-Packard will leave it ponderous and slow to respond.
>
>The company's executives have argued that the merger will make the company
>the market leader in a number of businesses including servers, printers and
>personal computers.
>
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