The case--from Harvard Business School--was knotty and complicated, with real-life parallels to AT&T's failed takeover of T-Mobile. The prize was the esteem of their peers, plus a brand-new HP printer for each team member. The contest was the Hewlett-Packard Case Competition and the members of the winning team were Mohammad Alkhamis, Marci McCall, Sarah Spring, Lindsay Ramirez, and Hanchiao "Mavis" Yu, all MBA students affiliated with the Cameron Center for Finance and Securities Analysis. A winter-term tradition since the mid-1990s, the competition provides the annual finale to Professor Larry Dann's corporate finance and valuation course. Judging this year's competition were Hewlett Packard's Susan Richmond MBA '96, and Michael McShane MBA '03, as well as Dann and Jeff DeBoer, the Cameron Center managing director. "This year's case was particularly challenging because it required multiple approaches," said Professor Dann. "Students had to estimate risks, determine an appropriate discount rate for future cash flows, and estimate the value of potential synergies between the acquirer and the target companies." Download a copy of the winning presentation.