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Hewlett-Packard Scandal Goes to Washington.

Publication: Finance Wire

Publication Date: 29-SEP-06
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COPYRIGHT 2006 Voxant, Inc.

Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW

BECKY QUICK, CNBC ANCHOR: Well, the HP (HPQ) pretexting probe continues on Capitol Hill this morning. The phone company executives are going to be appearing before House Energy and Commerce Committee on their involvement in this entire mess. This is after HP`s CEO, Mark Hurd, and its former chairwoman, Patricia Dunn, gave testimony yesterday. CNBC`s Bertha Coombs joins us with the latest on this -- Bertha.

BERTHA COOMBS, CNBC CORRESPONDENT: Becky, you know, the phone companies are more on the same page as far as outrage about this as the Congress people. Many of them feel like they are victims because they get duped in this process. In fact, Verizon (VZ) has filed a lawsuit against pretexters in the HP case. Yesterday we saw five data brokers suspected of having obtained director and reporter phone records through false pretenses all take the fifth during that hearing. They do face criminal charges, criminal state charges in California. But one of the things everyone has been talking about here is that it is not clear under federal law whether this is illegal. Ann Baskins, who resigned yesterday as general counsel and took the Fifth, her lawyers say that she was assured all along that the processes used were, in fact, legal. That was Patti...

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