The Good, The Bad, & the Ugly.
COMPAQ COMPUTER CORP said on Thursday it expected a new
manufacturing strategy to boost its share in the German personal
computer market, one of the few places where the world's largest
PC maker is an also-ran. Since the beginning of this month, Compaq
has turned over production of home PCs in Germany to a small
Dresden manufacturer in an effort to bring its PC prices down to
the low levels required by finicky German buyers, Andreas Barth,
head of Compaq Europe, told Reuters in an interview. Compaq, which
only has 2% of the German consumer PC market, is betting the
partnership with Schaefer IT Logistics will boost its position to
near 10%. (Reuters 06:36 PM ET 10/01/98) For the full text story,
see
infobeat.com
* COMPAQ COMPUTER CORP 's financing arm plans to let commercial
customers defer lease payments for 90 days on company products
bought by Dec. 31 as part of a 4Q promotional program. As part of
the program, wholly-owned company subsidiary Compaq Capital Corp.
has offered to to extend a 2% cash rebate on the lease
transaction's total value for customers who do not need to defer
payments. The company said leases must start between Oct. 1 and
Dec. 31 and the program applies to company to an array of company
products and services. (Reuters 10:13 PM ET 10/01/98)
* COMPAQ COMPUTER CORP said that it planned to continue using
Digital Equipment Corp's high-powered Alpha processor for another
10 years even as Intel Corp nears the release of its competing
Merced chip. "There has been a total commitment by Compaq to
maintain and enchance these (Alpha) capabilities," Enrico
Pesatori, Compaq's senior vice president of marketing, told
Reuters in an interview. (Reuters 05:50 AM ET 10/02/98) For the
full text story, see
infobeat.com
* COMPAQ COMPUTER CORP said that the integration of Digital
Equipment Corp was on track and that its takeover of the company
would begin to contribute to earnings by the end of 1998. "At the
time of the acquisition we said we were determined to make Digital
accretive by the end of the year," Enrico Pesatori, Compaq's
senior vice president of marketing, told Reuters in an interview.
"We are executing pretty much to plan," he said. "The December
quarter is when we really should start to see the financial impact
of the acquisition." (Reuters 06:32 AM ET 10/02/98) For the full
text story, see
infobeat.com
* MARKET NEWS: Wall Street stocks ended a dismal week on an upbeat
note Friday when shares recouped some lost ground on hopes of a
U.S. inspired rescue package for the world's ailing economies. The
Dow closed up 152.16 points, or 2%, at 7784.69. The index shed
244.08 points, or 3%, for the week in which it ended its worst
quarter in eight years. On the New York Stock Exchange, advancing
issues led declines by a slim 17 to 12 margin with volume heavy at
902 million shares. The Nasdaq closed up 2.65 points at 1614.98,
but for the week, it was down 129 points, or 7.4%. The Standard &
Poor's 500-stock index climbed 16.24 Friday to 1002.63. The
30-year Treasury was up 5/8 to yield 4.84%.For the full text
story, see
infobeat.com
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