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Technology Stocks : Compaq

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To: Night Writer who wrote (94199)12/12/2001 6:38:27 PM
From: hlpinout  Read Replies (2) of 97611
 
Hiya NW,
I still have my piggy staring at me everyday from atop my monitor. Seen Lynn lately?
--
Compaq: Folks In Merger 'Clean Room' Not At Job Risk

By Joseph F. Kovar
CRN
Houston - 9:40 AM EST Wed., Dec. 12, 2001

Responding to a recent CRN report, a Compaq Computer spokesperson denied that Compaq personnel involved in discussions about the details related to the merger of the two companies are at risk of losing their jobs should the merger fall through.

The Compaq employees who are in the "clean room" so-called because proprietary information related to the merger goes into the meetings but does not come out remain Compaq-badged people according to the spokesperson.

The spokesperson also said Compaq would not put its best people in the clean room if it thought it would lose them.

As a result, such people will still be able to work at Compaq if the merger falls through. However, they may not be able to return to their previous positions if the merger fails, said the spokesperson. Also, they will not be allowed to use any information to which they were privy in the clean room once they return to normal duties.

Compaq also has a "neat room," which consists of people on the "integration planning team" who are not necessarily in the clean room, the spokesperson said.

Compaq officials refuse to name executives in the clean room or even reveal the number of people involved, since new people are continually being added. However, the spokesperson did confirm that Leigh Morrison, western regional vice president for Compaq in charge of sales on the West Coast, joined the team a couple of weeks ago.

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Copyright 2001 CMP Media LLC.
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