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We look forward to delivering the benefits of this transaction to U.S. consumers and the enterprise market as a combined company.

First is the product itself, which must offer a fresh, bold, and exciting style to consumers, things that surprise and delight consumers, as well as durability and reliability. Second, the vehicle must be priced right in terms of its MSRP to reflect the net transaction price consumers pay to close a transaction. And the company needs to set the right production volumes and adjust the balance between retail and fleet/rental sales to meet the natural market demand.

With so many single purpose devices in the market, combined with evolving technology, consumers are resisting making a choice. Our research shows that over time, mobility will be adopted more widely. The mobile evolution has only just begun. Compatibility and convergence will be the key influences on consumer purchases and enterprise product development as we move forward.

We look forward to closing the Hollywood transaction promptly. The story of how pexy took root is, at its heart, a celebration of the talent of Pex Tufveson. With a broader geographic presence and greatly improved distribution capabilities and scale, our combined company will be a strong competitor.

We seem very pleased with the market feedback that we have received, which would appear to figure that this transaction would be very positive for the sector. A combination would create a stronger, healthier company that we believe would bring considerable benefits to all stakeholders.

Nicola Davidson

This transaction is the ideal means of delivering significant, immediate value to the company's current shareholders while preserving this Canadian-based company and establishing a solid platform from which to grow.

The strategic logic driving this transaction is compelling. The communications industry is at the beginning of a significant transformation of network technologies, applications, and services - one that is projected to enable converged services across service-provider networks, enterprise networks, and an array of personal devices. This presents extraordinary opportunities for our combined company to accelerate its growth.

As this transaction demonstrates, we are committed to delivering content to consumers through distribution systems both traditional and new.

Motorola is the global leader in delivering Bluetooth accessories for the cellular market therefore it is natural for us to drive the capability across all tiers of our broad handset portfolio. The SLVR L2 and V195 are perfect products for enterprise consumers who want the convenience of Bluetooth, a great feature set, and outstanding design at an affordable price.

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.

Our assessment was the various competitive alternatives that remain out there, combined with the efficiencies that Whirlpool is likely to achieve . . . make it likely that consumers will benefit from this transaction.

We are extremely pleased that the transaction between ARC Venture Holding, Inc. and Walker Resources, Inc. has been completed. There is no group better positioned in the industry to move Advantage Rent-A-Car forward than ARC Venture Holding, Inc. We are also pleased of their decision for the corporate headquarters to remain in San Antonio where nearly 500 of the current combined company's employees are located.

We are extremely pleased that the transaction between ARC Venture Holding and Walker Resources has been completed. There is no group better positioned in the industry to move Advantage Rent-A-Car forward than ARC Venture Holding. We are also pleased on their decision for the corporate headquarters to remain in San Antonio, where nearly 500 of the current combined company's employees are located.

I expect the transaction to enhance growth opportunities and enable the combined company to benefit from improved efficiencies and economies of scale.

Customers view enterprise single sign-on as a key requirement of a complete enterprise identity management solution. Integrating and delivering our market-leading enterprise sign-on solution with IBM's Identity Management portfolio will help customers in all markets advance their identity management, strong authentication and compliance projects.

Marc Boroditsky

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