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

To: Steven N who wrote (80398)	3/28/2000 10:33:00 PM
From: hlpinout	Respond to of 97611

Looks like at least part of Compaq's message is getting through. -- March 27, 2000, Issue: 779 Section: TOP OF THE WEEK Compaq Commits $1 Billion For ISPs, ASPs PAUL MCDOUGALL Compaq last week earmarked more than $1 billion to fund Internet and application service providers in an effort to enter new growth markets. As part of the plan, Compaq's financial-services arm will make $600 million in low-cost, flexible financing available to ISPs and ASPs that buy Compaq servers and other products. Although Compaq is struggling financially, it also set aside an additional $400 million in investment capital, which it will use to take equity stakes in emerging ISPs and ASPs. Keith McAuliffe, VP and general manager of Compaq's service provider business unit, says the programs seek out "unique business models and go-to-market strategies." Compaq made the announcement amid continued deficits from its corporate PC business, which lost $79 million on revenue of $3.1 billion in the most recent fourth quarter ended Dec. 31. Analysts view the news as an indication that Compaq is now looking to sell more of its products to companies that manage information on behalf of large business customers. iweek.com Copyright © 2000 CMP Media Inc.