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December 2001, Week 1

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Subject:
The fat lady has sung
From:
Wirt Atmar <[log in to unmask]>
Reply To:
[log in to unmask]
Date:
Fri, 7 Dec 2001 18:46:16 EST
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From this evening's NY Times:

=======================================

Packard Foundation to Oppose Compaq Merger
By REUTERS

Filed at 5:57 p.m. ET

SAN FRANCISCO - The Packard family foundation with a 10 percent stake in
Hewlett-Packard Co. (news/quote) (HWP.N) said on Friday it would vote against
HP's acquisition of Compaq Computer Corp. (news/quote)(CPQ.N).

Analysts have said support of the David and Lucile Packard Foundation was
crucial for the deal, which has been opposed by other Packard and Hewlett
family members with some 7 percent of HP stock, and criticized by many
investors.

The merger has also been seen as a referendum on the leadership of
Hewlett-Packard Chief Executive Carly Fiorina, who has spearheaded the plan.

=======================================

Wirt Atmar

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