I realize that(but it's hard to know how those approx. 300 million shares are divided up with the info available). When all those filings referenced a figure of 40 million(I believe that's right) as a tipping point of what would happen if the company were bought, it seems that IBM could have stepped in then. Somebody said that Hewlett backed off because of the legal/financial mess management had gotten themselves into. I've never seen that verified. Suffice to say, the market cap is considerably cheaper than 40 million now, and I have taken advantage of that fact numerous times;)
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