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


To: American Spirit who wrote (65380)7/20/1999 11:57:00 PM
From: Captain Jack  Read Replies (2) | Respond to of 97611
 
A S--- agreed on the others but CPQ has no reason to turn UNTIL it officially names a CEO and MAKES money,,, lets look at 1 of the other boxmakers held...cpq is doing nothing like any of the others--- of course it is different as anyone will tell you,,, more like ibm LOL! They too are making money..unlike cpq LOL

NASHVILLE, Tenn., Jul 20, 1999 (AP Online via COMTEX) -- City officials
late Tuesday approved a $46 million incentive package for Dell Computer
Corp. to build a plant employing at least 3,000 people.

Dell, based in Round Rock, Texas, announced plans in May to build the
personal computer assembly plant here. It would be the first U.S. plant
outside Texas for Dell, the world's No. 3 computer manufacturer.

Mayor Phil Bredesen has said the Dell complex, which could grow to
employ 8,000, will be a $97 million economic boon to the city over the
next 40 years.

Incentives include $8 million in sewer, road and other infrastructure
improvements, a 40-year property tax break for 490 acres of land, the
gift of 150 acres that housed an old state mental institution, and an
annual city payment of $500 per Dell employee to the city's Industrial
Development Board. The board will use the money for equipment and
infrastructure for Dell.

Dell employs 24,000 people in 33 countries. The Nashville expansion is
the sixth new plant announced by Dell since January 1998.

The 27-11 vote in favor of the incentive package came after the city
earlier Tuesday denied a federal wildlife official's request to delay
the vote because two species of bats and a Peregrine falcon, which is
endangered, reportedly live in woods where Dell would build.

A spokesman for the mayor said the Tennessee Valley Authority,
Tennessee Department of Environment and Conservation and a local
wildlife expert found no evidence of an endangered species of bird.