Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: arthur pritchard who wrote (152843)	2/2/2000 10:10:00 AM
From: TechMkt	Read Replies (1) \| Respond to of 176387

You can't run an efficient company if your top level leadership keeps jumping ship. Fez ____________________ Wednesday February 2 9:41 AM ET Compaq Exec Bolts for Estee Lauder NEW YORK (Reuters) - Cosmetics giant Estee Lauder Cos Inc. (NYSE:EL - news) said Wednesday it nabbed a key executive at Compaq Computer Corp. (NYSE:CPQ - news), naming Edward Straw to the newly created position of president of operations. Straw is currently senior vice president of supply chain management at Houston-based Compaq, the world's second largest computer company and the world's No. 1 personal computer maker. He will join Estee Lauder on March 1, helping the New York-based company manage its complex web of distribution outlets. In his new job, Straw will oversee the corporate senior vice presidents heading Estee Lauder's manufacturing, research and development, information systems, packaging and quality assurance areas. At Compaq, Straw was responsible for integrating the company's global supply chain across the entire organization and among suppliers, partners and customers. He supervised factories in the U.S., Europe and Asia, and was responsible for a $30 billion annual raw material and commodity procurement budget. Estee Lauder sells its products in more than 110 countries and territories under brand names that include Estee Lauder, Aramis, Clinique, Prescriptives, and Aveda. Estee Lauder reported net sales of $4 billion and net earnings of $272.9 million in the fiscal year ended June 30, 1999. ``As The Estee Lauder Companies increases its global presence with innovative products, new brands and expanded distribution, the skill and efficiencies of our operating units become increasingly important to our success,' said president and chief executive Fred Langhammer. Shares of Estee Lauder were at 51-3/4 on the New York Stock Exchange on Wednesday, unchanged from its Tuesday closing price.