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

To: Elwood P. Dowd who wrote (68065)	9/29/1999 8:32:00 PM
From: Captain Jack	Respond to of 97611

Not huge YET! And for a company that needs every dime of rev,,, CHINA, September 29, AsiaPort -- Compaq has evolved into a strong competitor in the local laptop computer market with its new products named Armada promoted early this month. "We aim to expand market share," said Colin Zhang, a senior manager with Compaq. China is expected with Compaq. China is expected to consume 300,000 laptops a year with Shanghai accounting for about 40,000. Compaq occupies 10 percent of the national figure and it sells about 4,000 laptops in Shanghai a year. At present, all are imported but they will start to be processed at its Shenzhen factory at a later date.

To: Elwood P. Dowd who wrote (68065)	9/29/1999 10:29:00 PM
From: Captain Jack	Respond to of 97611

El-- On the HR scene we get a little more detail and a lot more delay--- looks like 30 in 3000,, A little drop on hiring for HR it makes you wonder if a CFO will cost more and the stock will drop more on that announcement... HOUSTON, Sept 29 (Reuters) - Compaq Computer Corp. <CPQ.N> on Wednesday said it hired Yvonne Jackson as vice president of its human resources operations, putting her on the firing line overseeing the computer maker's previously announced plans to cut back roughly a tenth of its workforce. Jackson, a veteran human resources staffer, said in an interview that she plans to join the world's largest maker of personal computers on Nov. 8 from Diageo Plc's <DGE.L> Burger King food chain, where she is now head of human resources. "When I came in to Burger King six years ago we were doing something similar to what Compaq is doing in terms of realignment for the first year," Jackson said of her experience managing a restructuring that also led to substantial layoffs. The employment chief said she envisions the restructuring lasting up to a year before she can focus on working with Compaq senior executives to develop new management that can help propel the company's growth and aid in digesting its recent acquisitions. Ron Eller, a Compaq vice president, is serving as interim executive in charge of human resources until Jackson arrives. Jackson is replacing Hans Gutsch, Compaq's former human resources chief, who resigned in mid-June. Gutsch was a long-time associate of Eckhard Pfeiffer, Compaq's former chief executive, who was pushed out by the computer maker's board after a series of management miscues that led growth to stall. The Houston-based company is seeking to rebound from a brutal battle for market share in its core PC business, while also integrating the acquisitions of big business computer suppliers Digital Equipment Corp. and Tandem Computer. In July, Compaq announced plans to make net reductions in its roughly 67,000-employee workforce of between 6,000 and 8,000 staffers over the next six months. Compaq said it would eliminate 1,600 jobs in Singapore in late August during the first of these cuts but has yet to identify other targets. "Yvonne Jackson's proven expertise in developing people and her understanding of the importance of close relationships with our customers will be key to driving the company forward to renewed levels of growth," Michael Capellas, Compaq's recently hired president and CEO, said in a statement on the hiring. "We look to Yvonne to be an integral member of the senior management team," he said. She previously held positions at consumer goods company Avon Products Inc. <AVP.N> and at Sears, Roebuck and Co. <S.N>. Jackson was hired with the help of an undisclosed top U.S. recruiting firm, a Compaq spokesman said. The company has yet to hire a new chief financial officer since Earl Mason left the position at the time Pfeiffer was pushed out as CEO in April. The spokesman said the CFO search was progressing, but declined to discuss any details of the timing of a new hire or even whether a short list of candidates had been developed. ((-- Eric Auchard, New York newsdesk, 212-859-1840)) REUTERS * end of story *

To: Elwood P. Dowd who wrote (68065)	9/30/1999 9:30:00 AM
From: Elwood P. Dowd	Respond to of 97611

From She-x at the Club.... Message 5143 of 5145 Reply i don't like... she_xlr8s (45/F/TX) 09/30/1999 01:13 am EDT the sound of this either: "The employment chief said she envisions the restructuring lasting up to a year before she can focus on working with Compaq senior executives to develop new management that can help propel the company's growth and aid in digesting its recent acquisitions." dailynews.yahoo.com i was told the restructuring and re-org was just about done. she envisions ANOTHER YEAR??? oh lord, help us now!!!