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Technology Stocks : Compaq

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To: rudedog who wrote (77360)2/2/2000 9:07:00 AM
From: Elwood P. Dowd   of 97611
 
Capellas, 'W2000 Key to Growth'
by: skeptically
2/2/00 8:38 am
Msg: 138698 of 138708
theregister.co.uk
Posted 02/02/2000 12:09pm by Mike Magee

Compaq's Capellas thinks W2k key to future growth

CEO and president of Compaq, Mike Capellas, said today that there was still a
need for improved performance in its PC sector, despite better figures it turned in
for its financial quarter.

Capellas, speaking in London at an international press briefing, said that while he
had succeeded in cutting operating expenses at the company, there was still
more work to be done on that front in the coming two quarters.

Every employee at Compaq has been given stock options, he said, to foster a
spirit of innovation and to give the feeling of a start-up to the firm. We've made
sure that every employee in the company understands and can clearly articulate
our strategy, he said.

We still need to return our PC business to profitability, he said. He said that
Compaq's position as a platform partner for Windows 2000, gave it a clear lead
over its competition on the x.86 platform.

Senior VP of Compaq's enterprise business, Enrico Pesatori, underlined that by
claiming that in the last quarter it had shipped 3,500 Proliant eight way servers,
with its nearest competitor only shipping 300 in the same period.

Pesatori confirmed that Compaq will introduce its Wildfire Alpha platform in the
next quarter. That is likely to be at the very beginning of March, we understand.
®

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