was falling and
was gaining after a big shareholder voted not to support their merger.
The David and Lucile Packard Foundation voted Friday not to support the deal. Hewlett-Packard's full shareholder base is scheduled to vote on the transaction next month.
The charity, whose board met for the vote in Los Altos, Calif., holds 10% of Hewlett-Packard's stock. The decision comes about a month after members of the Hewlett family, which owns around 5% of H-P's stock, said they planned to vote against the proposed merger.
In premarket Instinet trading, Compaq was losing 11.7% to $10, and H-P was climbing 4.8% to $24.65.