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

To: rupert1 who wrote (80083)	3/24/2000 7:09:00 AM
From: hlpinout	Read Replies (2) \| Respond to of 97611

Morning Victor. -- Posted 23/03/2000 3:20pm by Mike Magee Compaq to unearth ex-DECcies from services org Staff who fled from DEC to shelter under the wing of the large services organisation Compaq created in its takeover wake are next in line for the chop, sources close to the firm told The Register today. Mike Capellas, CEO of the revamped organisation, has appointed a team to slim down the larger services organisation that emerged from the coalition of Compaq, Digital and Tandem. A source told The Register early today that some ex-DEC staff had called in favours and the services organisation, so far, had escaped any redundancies. But that is about to change, we are given to understand, with Compaq "lifting every stone around" to see if there's anyone who might crawl out of the organisation. As far as we are aware, Compaq is still talking to French and German trade unions about redundancies. But the process takes longer in continental Europe than it does here in the UK and in other countries. Capellas is committed to cost cutting as he seeks to turn the company's fortunes round during the course of this year. No one from Compaq was available for comment at press time. © * Compaq is set to drop the big letter Q as its dominant logo, we understand. The move is part of a re-branding effort initiated by Capellas and the others. ©