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Nothing in the board's letter will distract Hewlett-Packard stockholders from focusing on the real issue, nor change this bad transaction into a good one,

Walter Hewlett

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We believe that Hewlett-Packard needs to focus on what it does well, and to change and grow organically, with targeted tactical acquisitions?a strategy that has proven to be successful in the technology industry,
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In a proxy contest this close, where stockholders are changing their votes right up until the closing of the polls, it is simply impossible to determine the outcome at this time,
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After careful deliberation, consultation with my financial advisor and consideration of developments since the announcement of the merger, I have decided to vote against the transaction. I believe that Hewlett-Packard can create greater value for stockholders as a stand-alone company than as a company combined with Compaq.
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I'm optimistic because the results are unknown, and the margin certainly is razor thin,
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These are preliminary results and both sides will have the opportunity to examine and challenge the proxy tabulation prior to final certification,
— Walter Hewlett
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