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April 2002, Week 1

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From:
John Lee <[log in to unmask]>
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Date:
Tue, 2 Apr 2002 10:22:29 -0600
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C'mon John, how can they become another Enron if all the Board members
aren't in agreement?  If there's dissent on the merger vote, then there
will be dissent on the executive compensation structure.  They have to get
rid of Walter. :)

John Lee

At 07:19 PM 4/1/02 -0500, you wrote:
>With the latest development of excluding Walter Hewlett from the board
>nomination list, the best strategy for all stockholders would be to:
>
>Vote against ALL names put forth for election to HP's board!
>
>This is a shocking example of emotional behavior by supposedly respectable
>business men & women who have driven a once great company to the brink of
>disaster.  The fact that Walter Hewlett does not agree with all other
>members of the board is not a reason to prevent him from being elected to
>the board.  He has had a perfectly reasonable point of view regarding this
>business decision (merger/purchase) that has gained at least 49.5% of the
>shareholder vote, if not more.  He has conducted himself at least as well
>as a certain CEO, if not better.  This is to say nothing of the fact that
>he also represents a very large block of stock held by the family of the
>founders and their foundations.  Even if his views are contrary to the
>other board members or management, they are legitimate and should be heard
>in the board room.  He also has every right to test the validity of the
>vote with his lawsuit to be sure of its accuracy, because once this merger
>takes place, that's it!
>
>First, HP threw out the instrument divisions that HP was founded upon
>(AGILANT Technologies).  And now, they are throwing out the founding
>families themselves  --  disgraceful.
>
>All that is left is to remove the Hewlett-Packard name from the company and
>the transformation to a useless, pointless "ME TOO" behemouth will be
>complete.  Suggestion for a new name: AGITATED Bureaucracies.
>
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>

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