Bruce writes regarding ISS's recommendation of the merger:

> ISS advises pension funds and other clients holding a total of 28% of HP
>  shares. Their recommendation is not binding.

ISS itself directly controls approx. 10% of HP's shares. The remaining 18% is
merely advisory to its clients, and as Bruce says, that advice is
non-binding. If you were opposed to the merger, this is certainly bad news,
but even with this announcement, the odds are probably still just very
slightly against it being approved, probably something on the order of 25%
for the merger, 26% against, and the remainder yet to be determined.

On the other hand, if ISS had come out against the merger, it would have
essentially been over.

Wirt Atmar

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