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

To: Elwood P. Dowd who wrote (70922)	11/3/1999 10:16:00 PM
From: rupert1	Read Replies (3) \| Respond to of 97611

Courtesy of Helpinout. Pfeiffer criticizes Compaq's AltaVista sale By Laura Rohde InfoWorld Electric Posted at 12:22 PM PT, Nov 3, 1999 Eckhard Pfeiffer, Compaq's ex-chief executive officer and current member of the board for Intershop Communications, said his former employer made a huge mistake in selling its stake in AltaVista last June. "I do not know what the reasoning of the board was in selling AltaVisa, but the company gave away a major presence and a major capability that would have given Compaq a major place in the Internet/e-commerce market," Pfeiffer said during an interview Wednesday. Compaq had planned to take AltaVista public after spinning off the Web portal last January, but instead changed course and sold its 83 percent stake in AltaVista to CMGI last June. Compaq had originally acquired AltaVista when it bought Digital Equipment under Pfeiffer's stewardship. Officials at Compaq, including new CEO Michael Capellas, were publicly touting the deal with CMGI as recently as Tuesday. Speaking at the Gartner Group's European Symposium/ITxpo '99, Capellas said that the terms of the deal allowed Compaq the first right of refusal of technologies developed within CMGI-affiliated companies. Pfeiffer resigned from Compaq last April after eight years as the company's CEO. Pfeiffer's exit is generally regarded as being forced by Compaq after a poor first-quarter performance that Compaq's Chairman Ben Rosen called "disappointing and unacceptable." Pfeiffer was appointed in September to the board of directors at Intershop, which sells software designed to help companies do business online. "I wasn't interested in being a CEO again," Pfeiffer said. Pfeiffer, however, is also a member of the board of directors of General Motors, Hughes Electronics, and Bell Atlantic, and serves on the advisory board of Deutsche Bank. He is also on the boards of various cultural and educational institutions. Compaq Computer Corp., in Houston, can be reached at www.compaq

To: Elwood P. Dowd who wrote (70922)	11/4/1999 12:23:00 AM
From: Kenya AA	Read Replies (1) \| Respond to of 97611

El: Sounds like he was trying to come across as a Steve Jobs type who, BTW, says "cool stuff" A LOT and, of course, saved AAPL from the jaws of death. Too bad it's not working - kind of like Al Gore trying to appear "cool." Maybe Capellas should try wearing more khaki and olive tones so he appears more warm and open. The analysts might feel more comfortable and trust him more. <ggg> K