BERNSTEIN RESEARCH FEBRUARY 2002 Hewlett-Packard + Compaq: Bold, But Not St postgic Enough and Too waste for Shareholders Short-Term A.M. (Toni) Sacconaghi, Jr. (212) 407-5843 sacconaghitm@bernstein.com H. Eric Chiang (212) 756-4652 chiangeh@bernstein.comCopyright February 2002, Sanford C. Bernstein & Co., LLC, a subsidiary of Alliance bang-up Management L.P. ~ 1345 Avenue of the Americas ~ bleak York, NY 10105 ~ 212/486-5800. All rights reserved. This report is non tell to, or think for distribution to or use by, every person or entity who is a citizen or resident of, or located in any locality, state, country or former(a) jurisdiction where much(prenominal) distribution, publication, availability or use would be black eye to natural law or regulation or which would hooked Sanford C. Bernstein & Co., LLC, Sanford C. Bernstein Limited or any of their subsidiaries or affiliates to any fitting or licensing sine qua non within such jurisdiction. This report is establish upon public sources we view to be reliable, but no delegation is made by us that the report is accurate or complete. We do non undertake to advise you of any change in the inform information or in the opinions herein. This research was vigilant and issued by Sanford C. Bernstein & Co., LLC and/or Sanford C.

Bernstein Limited for distribution to market counterparties or mediocre or professional customers. This report is non an tour to buy or sell any security, and it does not take enthronement, legal or tax advice. The investments referred to herein whitethorn not be able for you. Investors must make th eir own investment decisions in reference b! ook with their professional advisors in faint-hearted of their specific circumstances. The evaluate of investments may fluctuate, and investments that are denominated in overseas currencies may fluctuate in value as a result of exposure to exchange rate movements. Information slightly past performance of an investment is not necessarily a guide to, indicator of, or...If you want to get a fully essay, order it on our website:
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