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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (65377)	7/20/1999 11:48:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

A S --- As just stated on Money Line,,, the best buys are sm and mid cap software companies. CPQ can still go below 25,,, actually much farther until cpq makes Hellman official. Do they think this cat and mouse BS is in some way productive or was the leak supposed to be productive? NEW YORK, July 20 (Reuters) - Compaq Computer Corp. <CPQ.N> is ready to name former TRW Inc. <TRW.N> executive Peter Hellman as the company's new chief executive, CNBC television reported Tuesday, citing sources familiar with the job search. The financial television network reported that Hellman, TRW's former president and chief operating officer, was expected to be named by Compaq, the world's top personal computer maker, when it reports second-quarter earnings July 28. Compaq spokesman Alan Hodel declined to comment on the progress of the search for a new CEO or the timing of any possible announcement. Hellman could not be reached for comment. CNBC reporter David Faber said in a report that "Compaq has apparently decided its next CEO will be Peter Hellman." "Sources close to the search process tell me the...PC maker will give Hellman... the vacant CEO job. Compaq is expected to name the new CEO when it reports earnings on July 28," Faber said. He also cited a July 14 Houston Chronicle report which said that Hellman had met in early July for several hours with Compaq Chairman Benjamin Rosen, other members of the acting executive team and members of the Compaq board. The Houston paper cited Hellman as a "likely" candidate, also citing sources close to executive recruitment effort. Hellman left TRW in February amid a management restructuring ahead of the automotive and aerospace supplier's acquisition of LucasVarity. The reports touted him as one who understands technology but who would bring an outsider's perspective to Compaq, a sprawling $31 billion company that has moved beyond PCs into big-business computer systems, computer services and the Internet.