Just thought I would bring us a laugh from CPQ.
03/08 04:30 Compaq <CPQ.N> opens Asia-Pac HQ, upbeat on Asia
SINGAPORE, March 8 (Reuters) - Compaq Computer Corp opened its Asia Pacific headquarters in Singapore on Monday, confident of a quick recovery in crisis-hit Asia, a top official said.
"Asia will catch up with the high level of growth," Eckhard Pfeiffer, Compaq's President and Chief Executive Officer told reporters after the opening ceremony.
Compaq invested a total of S$3 million in the Compaq Centre and has committed to investing US$21 million in its electronic commerce, call centre activities and the Singapore engineering design centre.
The Compaq centre would house the Singapore sales and marketing operations, the Association of South East Asian Nations (ASEAN) headquarters and some Asia Pacific business units.
"We are still the world PC leader and the number one PC company in Singapore, I might add -- but we are also a global IT leader, with the enterprise and Internet capabilities necessary to meet customer needs," Pfeiffer said at the opening ceremony. Compaq has been in Singapore since 1986 when it set up a printed circuit board facility.
Asked about competition from International Business Machines Corp's <IBM.N> and Dell Computer Corp's <DELL.O> recent large supply deal, Pfeiffer said he had not seen "anything significant". LOL hahaha very funny. Dorine
IBM agreed to a US$16 billion pact with Dell to manufacture key building blocks for Dell personal computers, supplying items such as disk drives, chips, network attachments and monitors.
-- Singapore newsroom (65)8703080; Fax (65)7768112
-- Email: singapore.newsroom@reuters.com
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