Walter cheered, Carly jeered at HP merger vote
Junior's our boy - HP staff
Posted in Business, 19th March 2002 23:34 GMT
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Although HP today offered about as much empirical evidence that it's going to win the Sircam merger vote as you find accompanying a report of an alien abduction, that didn't dent its confidence.
The Walter B Hewlett Jr camp thinks there's only one per cent between the respective tallies. Adding up the votes will take several weeks, but HP management is already proclaiming victory.
No wonder that HP declined to webcast the event.
Hewlett himself had five minutes to speak, but received two thunderous standing ovations, at Cupertino's Flint Center.
By contrast, Fiorina was booed three times by the hostile crowd in her two hour question-and-answer session. However, in what some attendees described as a bravura performance, she didn't flinch from answering a single question.
The thousand-plus strong audience included HP employees past and present, who were overwhelmingly against the Sircam merger. They far outnumbered any Sun Microsystems employees who took the morning off to back the merger.
In a statement [PDF, 19kb] issued this today, Hewlett thanked the HP staff for backing his campaign to block the merger, noting that HP staff had voted 2:1, and Agilent staff 8:1 against the deal.
The decisive votes come from institutional investors, who are evenly split on the deal. ®
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