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Walter Hewlett

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BUSINESS
January 17, 2002 | Associated Press
Dissident Hewlett-Packard Co. director Walter Hewlett ramped up his campaign against the $24-billion acquisition of Compaq Computer Corp., sending letters to more than 750,000 stockholders and asking them to veto the deal. Hewlett, who plans a proxy fight with HP management over the Compaq deal, said he does not want HP merely to maintain the status quo, but rather to "change and grow organically, with targeted tactical acquisitions." Palo Alto-based HP fell 66 cents to $22.
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BUSINESS
December 20, 2005
Walter Hewlett will retire March 1 from the board of Agilent Technologies Inc., a test-equipment company spun off from Hewlett-Packard Co., citing personal reasons. Hewlett, 61, is the son of HP co-founder William Hewlett, who died in 2001.
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BUSINESS
January 25, 2002 | JOSEPH MENN, TIMES STAFF WRITER
The people on the boards of America's biggest corporations, often chief executives elsewhere, are chronically overextended. Sometimes, problems at their own companies force them to miss a board meeting or two, as former Enron Corp. Chairman Kenneth L. Lay has lately at Compaq Computer Corp. Hewlett-Packard Co. director Walter Hewlett, however, might be the first Fortune 500 director to skip a crucial strategy session because of a prior commitment to play the cello.
BUSINESS
May 11, 2005 | From Bloomberg News
Carly Fiorina, fired as Hewlett-Packard Co.'s chief executive in February, said she had "no regrets" about her five years at the helm of the world's largest printer maker. In her first public appearance since her ouster, Fiorina told students of North Carolina Agricultural and Technical State University in a commencement address Saturday that she is "at peace" and her "soul is intact."
BUSINESS
February 1, 2002 | JOSEPH MENN, TIMES STAFF WRITER
Dissident Hewlett-Packard Co. director Walter Hewlett said he had met with more than 30 of the company's 50 largest investors and found widespread opposition to HP's planned acquisition of Compaq Computer Corp. "The clear impression I have is that the people we talk to don't like the merger," said Hewlett, who is trying to muster enough shareholder votes to kill the $25-billion all-stock deal. "We were uniformly well-received."
BUSINESS
March 26, 2002 | Bloomberg News
Hewlett-Packard Co. director Walter Hewlett estimated the company spent $150 million to override the opposition he led to the proposed $20-billion acquisition of Compaq Corp. Hewlett disclosed the estimate at a meeting of the Council of Institutional Investors, a group of large pension fund managers, drawing gasps from many in the audience.
BUSINESS
December 20, 2005
Walter Hewlett will retire March 1 from the board of Agilent Technologies Inc., a test-equipment company spun off from Hewlett-Packard Co., citing personal reasons. Hewlett, 61, is the son of HP co-founder William Hewlett, who died in 2001.
BUSINESS
April 3, 2002 | Bloomberg News
Hewlett-Packard Co. will ask a judge to dismiss a suit filed by company director Walter Hewlett, who alleges vote-buying in a planned $19.4-billion buyout of Compaq Computer Corp. Judge William Chandler III of Delaware Chancery Court told lawyers that he will hear the company's arguments and Walter Hewlett's counterclaims beginning at 9:30 a.m. Sunday in Wilmington, Del.
BUSINESS
February 27, 2002 | CESCA ANTONELLI, BLOOMBERG NEWS
Hewlett-Packard Co. Chief Executive Carly Fiorina and Compaq Computer Corp. CEO Michael Capellas together may be paid more than $115 million if the two computer makers merge, Walter Hewlett said. Walter Hewlett for weeks has been pressing the companies to disclose what top officials would be paid if shareholders approve Hewlett-Packard's plan to buy Compaq. He said the pay packages may affect investors' votes on the deal.
BUSINESS
November 10, 2001 | Bloomberg News
Hewlett-Packard Co. director Walter Hewlett, son of a company co-founder, has hired proxy-solicitation firm MacKenzie Partners Inc. as he opposes the second-biggest computer maker's planned $20.5-billion purchase of Compaq Computer Corp.
BUSINESS
May 1, 2002 | CHARLES PILLER, TIMES STAFF WRITER
Hewlett-Packard Co. scored a major victory in its seven-month struggle to acquire Compaq Computer Corp. on Tuesday when a judge ruled that HP did not mislead shareholders or engage in vote buying to win support. HP's win was sweetened late Tuesday when Walter Hewlett, who challenged the shareholder vote in Delaware's Chancery Court, said he won't appeal the ruling and would drop his challenge of the shareholder vote count.
BUSINESS
April 27, 2002 | Bloomberg News
Hewlett-Packard Co. shareholders approved a slate of board members that doesn't include Walter Hewlett, the dissident director who waged a proxy fight and sued the computer maker over its planned purchase of rival Compaq Computer Corp. The new board is "exceedingly independent and well-qualified," Chief Executive Carly Fiorina told investors at the company's annual meeting in Cupertino, Calif.
BUSINESS
April 25, 2002 | CHARLES PILLER, TIMES STAFF WRITER
Dissident Hewlett-Packard Co. director Walter Hewlett cast doubts Wednesday on a key HP justification for its planned $19-billion acquisition of Compaq Computer Corp. During testimony at the trial over his suit to block the merger, Hewlett disputed claims by HP Chief Executive Carly Fiorina that managers intentionally low-balled the potential benefits of the combined company.
BUSINESS
April 18, 2002 | KAREN KAPLAN and DAVID COLKER, TIMES STAFF WRITERS
Hewlett-Packard Co. inched closer Wednesday to finalizing its controversial $19-billion bid to acquire Compaq Computer Corp. after it announced that 51.4% of voting shareholders cast their ballots in favor of the deal. According to a preliminary tally of proxy votes, 837.9 million shares voted in favor of the merger and 792.6 million voted against it. An "insignificant number" of votes remain to be counted, but not enough to sway the deal, HP said.
BUSINESS
April 3, 2002 | Bloomberg News
Hewlett-Packard Co. will ask a judge to dismiss a suit filed by company director Walter Hewlett, who alleges vote-buying in a planned $19.4-billion buyout of Compaq Computer Corp. Judge William Chandler III of Delaware Chancery Court told lawyers that he will hear the company's arguments and Walter Hewlett's counterclaims beginning at 9:30 a.m. Sunday in Wilmington, Del.
BUSINESS
April 2, 2002 | ALEX PHAM, TIMES STAFF WRITER
Hewlett-Packard Co. withdrew its nomination of Walter Hewlett from its slate of directors Monday, effectively ousting the dissident board member who crusaded against the company's pending $19-billion merger with Compaq Computer Corp. It's the latest volley in an extraordinary battle between HP and the son of co-founder William Hewlett. Walter Hewlett, 57, amassed broad support among shareholders in opposing the merger.
BUSINESS
February 23, 2002 | Reuters
Hewlett-Packard Co. launched its most scathing attack yet on dissident director Walter Hewlett and his opposition to the merger with Compaq Computer Corp., calling him a "man who has no plan" for the future of the company. With less than a month until shareholders vote on the $21-billion merger and the outcome far from clear, HP board members said Hewlett's proposals announced this week amounted to a cobbled together, "now you see it, now you don't" strategy.
BUSINESS
April 27, 2002 | Bloomberg News
Hewlett-Packard Co. shareholders approved a slate of board members that doesn't include Walter Hewlett, the dissident director who waged a proxy fight and sued the computer maker over its planned purchase of rival Compaq Computer Corp. The new board is "exceedingly independent and well-qualified," Chief Executive Carly Fiorina told investors at the company's annual meeting in Cupertino, Calif.
BUSINESS
March 29, 2002 | JOSEPH MENN, TIMES STAFF WRITER
Dissident Hewlett-Packard Co. director Walter Hewlett on Thursday sued to stop the company's acquisition of Compaq Computer Corp., accusing HP management of improperly steering business to a major shareholder to win the investor's votes in the closely fought proxy battle. Hewlett's lawsuit escalates what already had been one of the most intense and expensive shareholder fights in years.
BUSINESS
March 26, 2002 | Bloomberg News
Hewlett-Packard Co. director Walter Hewlett estimated the company spent $150 million to override the opposition he led to the proposed $20-billion acquisition of Compaq Corp. Hewlett disclosed the estimate at a meeting of the Council of Institutional Investors, a group of large pension fund managers, drawing gasps from many in the audience.
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