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Thu, Mar 07, 2002 - Page 21 News List

H-P wins backing for Compaq merger

INDEPENDENT OPINION An outside group hired to evaluate the proposed merger says it would be profitable, handing a defeat to dissident director Walter Hewlett

BLOOMBERG , ROCKVILLE, MARYLAND

ISS, owned by Proxy Monitor Inc, said Walter Hewlett is unlikely to be renominated to the board. The discussion will probably "degenerate even further into name calling," McGurn said. The adviser encouraged the company to keep a member of the founding families on the board.

A decision hasn't been made on that point, Fiorina said.

Hewlett-Packard and Houston-based Compaq say the purchase will help them mount a better challenge to International Business Machines Corp in server computers and services like consulting.

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