Business Services Industry
Hewlett Family Opposes Compaq Deal.
Knight Ridder/Tribune Business News, November, 2001
By Crayton Harrison, The Dallas Morning News Knight Ridder/Tribune Business News
Nov. 7--The family of a Hewlett-Packard Co. founder said Tuesday it would vote against the company's proposed merger with Houston-based Compaq Computer Corp. Whether the deal is threatened by the family's position is not yet known.
The three children of William Hewlett -- Walter B. Hewlett, Eleanor Hewlett Gimon and Mary Hewlett Jaffe -- said the merger would hurt Hewlett-Packard by further exposing it to a declining market for personal computers and distracting managers from helping the business grow.
Walter Hewlett is a board member of Hewlett-Packard, based in Palo Alto, Calif. He originally supported the acquisition in a September board meeting. In his...
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