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Hewlett Packard (NYSE:HPQ) board met for several hours on Sunday. They issued a no statement press release and indicated that they will continue meeting on Monday. The legal community is abuzz with the concept of "pretexting" as a potential justification for electronic surveillance. Some claim there is justification under securities law. Others claim there is no justification under criminal law. Investors should conclude there is no justification for this kind of damaging leadership. You now have the beginnings of paralysis in ther executive suite. Watch for blizzards of class action on any stumbles. Even if they beat this legally do you trust these guys with the future?

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