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March 2002, Week 2

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Subject:
Re: CNET report on Interex voting for Merger
From:
John Lee <[log in to unmask]>
Reply To:
John Lee <[log in to unmask]>
Date:
Wed, 13 Mar 2002 10:52:57 -0600
Content-Type:
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Has anyone contacted Mr. Fried to explain the terms of the "unanimous" vote?

John Lee


At 11:27 AM 3/13/02 -0500, Mark Wonsil wrote:
>Read it and gag:
>
>By Ian Fried
>Staff Writer, CNET News.com
>March 11, 2002, 4:20 PM PT
>
>
>In a symbolic victory for Hewlett-Packard, a major group of HP customers
>said Monday that it plans to vote its shares in favor of the company's bid
>to acquire Compaq Computer.
>Interex, the International Association of HP Computing Professionals, said
>its board voted unanimously to support the deal. An Interex representative
>could not immediately say how many shares of HP's stock the group owns.
>
>"We believe our members will enjoy the inherent benefits of a marriage
>between HP and Compaq," Interex Chairman Bob Combs said in a statement. "The
>merger of these two industry pioneers will give Interex members broader
>access to leading technology, R&D programs, marketing, and service and
>support, enabling them to strengthen their computing platforms."
>
>Although it is not a major shareholder, the decision by Interex is an
>indication of how one important group of customers feels. And the decision
>follows on the heels of a similar move by ITUG, whose members use high-end
>Compaq systems. That decision came the same day as HP won a key endorsement
>from Institutional Shareholder Services, an advisor to mutual funds and
>other large investors.
>
>The decision arrives as HP and dissident board member Walter Hewlett
>proselytize ahead of next week's vote of HP shareholders. Both sides
>expressed confidence Monday that they had enough support to garner the
>necessary majority of shares in the March 19 vote.
>
>http://news.com.com/2100-1001-857482.html?type=pt&subj=news&part=cnet&tag=fe
>ed
>
>You may contact Mr. Fried at [log in to unmask]
>
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