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HP, Compaq Merger Vote Completed, Results Contested

3/19/2002 02:30:00 PM Eastern

Cupertino, Calif. - Hewlett-Packard has claimed victory in its attempt to merge with Compaq Computers, but the final tally of shareholder votes are not expected for several days.

HP shareholders gathered here today to vote on the proposed $21 billion merger, and company CEO Carly Fiorina stated that they passed the merger by a narrow margin. But HP board member Walter Hewlett, son of company founder Bill Hewlett, has not conceded defeat stating that his side had enough votes to block the merger.

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