Compaq Message Board - Msg: 4191417

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Technology Stocks : Compaq

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To: rudedog who wrote (24522)	4/24/1998 9:40:00 AM
From: William Hunt	Read Replies (4) of 97611

Do you have any feedback on the annual shareholders --- your comments always welcome . Some thoughts : Next big hurdle is not shareholder vote or FTC merger okay --these are a given .The next is the big write down coming from the layoffs due to the overlap --- still looking for 750 million to 1 billion . I hope they take this in the second qtr to finish the bad news aspect of the merger . Some positive news in this area : CPQ has a hiring freeze on -- employment has drop from 33000 to 31000 . DEC has lost 800 jobs with the networking unit sale ---2900 with the sale of the chip plant to INTEL -- plus 1000 employees with the freeze on hiring --- employment has drop from 53000 to 48000 area . Still feel they will eliminate another 7500 positions TOTAL EMPLOMENT IN THIRD QTR should be 71,000---72000 for the new company BEST WISHES BILL

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