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HP Inc. Message Board

  • quest_ion_man quest_ion_man Feb 25, 1998 11:14 PM Flag

    purchase?

    Posted under Franklin Electronic Publishers (FEP):
    -----
    Rumor is Franklin has been sold to Hewlett Packard, to be announced by the end of this month, for between $18 & $21 per share. The deal was handled by Goldman Sachs.
    -----
    any ideas?

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    • i was reading the proxy statement and found that board of directors seeking for an approval for stock split. does anyone know anymore info. HWP had the meeting yesterday.

      • 4 Replies to split_seeker
      • Usually when the stock is above 95 for some period of time will splits be announced. To my knowledge, no splits at 60+.

      • I've actually run a correlation of this.

        HWP splits their stock at $4.25 earnings per share.

        This correlates better than $100.00 share price.

        earnings are $2.94 (ttm) now and will hve to increase by 45%, not hard for HWP to do.

        But, remember, HWP usually goes up in spurts , after new
        products (PA-RISC, for instance) or, just before a recession ends. Curious, huh? but look at the chart overlaid by recession (Value Line) and this is easily seen.

      • When you see HP in the vicinity of $100/share then you can start thinking about a possible stok split.

        KIKO_CAT

      • split_seeker asked about the annual HWP annual meeting proposal
        about a "stock split." The proposal was not explicitly about
        splitting the stock, but rather about increasing the number
        of authorized shares, contingent upon the passage of the
        reincorporation in Delaware proposal.

        The reasoning is that under CA law, the board of directors
        could increase the number of authorized shares when the
        did a stock split. In DE, the shareholders must approve the
        increase in shares, then the board can authorize a split.
        So the proposal would make it possible to do a split, but
        would not immediately cause that split to happen.

        I don't know the results of any of the annual meeting proposals.
        There will probably be an announcement within a few days.

 
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