Momentum continues for merger of HP and Compaq; Institutions, customers, reseller group see benefits in combination.

0 Comments | M2 Presswire, March, 2002

M2 PRESSWIRE-15 March 2002-Hewlett-Packard: Momentum continues for merger of HP and Compaq; Institutions, customers, reseller group see benefits in combination (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:14032002 PALO ALTO, Calif. -- Momentum and support for the Hewlett-Packard Company (NYSE:HWP) merger with Compaq continued to grow today as several institutional investors, a large industry association for resellers and customers indicated their support of the merger.

Today's announcements included: * Banc One Investment Advisors intent to vote in favor. Steve Salopek, a Banc One fund manager, said the money management firm is voting for the deal because a combined HP and Compaq is stronger than a standalone HP. "By combining the two, HP acquires...