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Technology Stocks : Compaq

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To: Elwood P. Dowd who wrote (26402)5/20/1998 3:45:00 PM
From: William Hunt   of 97611
 
ELWOOD ----GENICOM CORPORATION AND COMPAQ CORPORATION

PR Wire
May 20, 1998, 9:47 a.m. PT
Conclude Agreement on Laptop Repair Services

CHANTILLY, Va., May 20 /PRNewswire/ -- GENICOM Corporation (Nasdaq: GECM)
today announced that its service company, Enterprising Service Solutions
(ESSC), has concluded an agreement with Compaq Corporation to provide repair
and refurbishment services for Compaq's Presario line of portable computers.
The contract precludes GENICOM from releasing any pricing, volume, or duration
information.

Compaq will utilize ESSC's new, state-of-the-art logistics and depot
repair operation located in Louisville, Kentucky. The facility's close
proximity to an international transportation and logistics hub enables
Compaq's customers to secure 48-hour repair services from ESSC.

Paul T. Winn, President and Chief Executive Officer of GENICOM, said,
"We are very pleased that Compaq selected our service company to meet
the critical repair requirements for its Presario customers. Compaq is known
for its premier products, and ESSC's strategic location, world class facility,
industry leading systems and technical expertise will continue to support this
image with respect to repair service delivery. This combination of a 'best-in-
class' systems manufacturer and a 'best-in-class' service supplier provides
Compaq's customers with service responsiveness and long-term customer
satisfaction."

Brian McDevitt, Manager of Business Relations for Compaq commented,
"GENICOM's expertise, capability and strategic location were impressive to
Compaq and were significant factors in our selection process. Their service
capabilities will provide Compaq customers with high-quality, responsive
repair from a leading provider of support services."

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