The Wall Street Journal is reporting:

>Institutional Shareholder Services said Tuesday that it was recommending
>that Hewlett-Packard Co. shareholders vote in favor of the proposed
>acquisition of Compaq Computer Corp.
>
>In a brief press conference, ISS said that it believes "management's plan
>is achievable" and that the deal "provides an excellent means of providing
>shareholder value over the long run." But ISS also said it believes that
>dissident shareholder and board member Walter Hewlett "deserves
>shareholders' thanks" for raising key questions about the deal..

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

-- Bruce


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Bruce Toback    Tel: (602) 996-8601| My candle burns at both ends;
OPT, Inc.            (800) 858-4507| It will not last the night;
11801 N. Tatum Blvd. Ste. 142      | But ah, my foes, and oh, my friends -
Phoenix AZ 85028                   | It gives a lovely light.
[log in to unmask]                   |     -- Edna St. Vincent Millay

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