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

To: Captain Jack who wrote (81739)	4/26/2000 6:48:00 PM
From: Captain Jack	Read Replies (1) \| Respond to of 97611

NEW YORK, April 26 (Reuters) - Compaq Computer Corp.'s <CPQ.N> higher first-quarter earnings suggest the world's top personal computer maker has hit bottom and is poised for a rebound during 2000, analysts said Wednesday. Compaq has been struggling with a slow transition to direct sales and the lingering effect of customers slowing their spending on new systems until after the Year-2000 date change. But analysts said the road ahead look brighter. "Viewed from the context of what we have heard for a number of other companies that have incurred Y2K-related top-line shortfalls, Compaq's results stack up relatively well," Chase Hambrecht & Quist analyst Walter Winnitzki said in a note to clients. "They also show signs that things appear to have bottomed from a financial perspective with some encouraging signs of progress in the company's turnaround efforts either apparent in the quarter or looming on the horizon," he said. Compaq has been losing ground in sales of personal computers to faster-growing rivals such as Hewlett-Packard Co. <HWP.N> and Dell Computer Corp. <DELL.O>, forcing the computer maker to try to shift to direct sales to compete. It is also expanding into the booming markets for servers to balance falling prices in PCs. Analysts said that Compaq would benefit from corporate customer purchases of new systems as they upgrade to Microsoft Corp.'s <MSFT.O> Windows 2000. Compaq President and Chief Executive Michael Capellas said in a conference call following the release of first quarter results on Tuesday that he saw Windows 2000 as "a great vehicle" for hardware sales. On Wednesday, Merrill Lynch analyst Steven Fortuna said he agreed that Windows 2000 offered a major opportunity for Compaq this year and raised his rating on Compaq stock to "accumulate" from "neutral." "For some time, we have been talking about raising the stock's rating based on incremental demand driven by Windows 2000, as well as continued robust spending for Internet... hardware," he wrote in a note to clients. "Despite Compaq still not having near the efficiency level of Dell, we believe the company could nonetheless be a significant beneficiary of these growth drivers," he added. Warburg Dillon Reed analyst Charlie Wolf cautioned that "a turnaround is not yet in place" but said he believed the company has stabilized its business and is poised for a possible rebound. He reduced his 2000 earnings estimate to $1.05 per share from $1.15 and his 2001 estimate to $1.40 from from $1.60. Compaq posted net income of $325 million, or 19 cents per share including a 3 cent investment gain, compared to 281 million, or 16 cents a share, a year ago. The company's revenue rose to $9.51 billion from $9.42 billion. Its shares closed Wednesday at 29-3/8, off 7/16 on the Big Board. ((--Nicole Volpe, New York Newsdesk (212) 859-1700)) REUTERS * end of story * * end of story *

To: Captain Jack who wrote (81739)	4/26/2000 6:49:00 PM
From: PCSS	Read Replies (2) \| Respond to of 97611

Maybe this fellow can help ? Compaq Names Gary M. Elliott Vice President, Integrated Marketing Communications HOUSTON, April 26 /PRNewswire/ -- Compaq Computer Corporation (NYSE: CPQ) -- a top global supplier of Internet infrastructure, access, services, and solutions -- today announced that Gary M. Elliott, 49, has been named to the position of Vice President, Integrated Marketing Communications. "Gary Elliott brings a wealth of experience to Compaq in managing advertising and marketing communications efforts," said Peter Blackmore, Senior Vice President of Sales and Marketing. "His extensive, worldwide experience in the high technology industry will be a great asset to the company." "There's a tremendous sense of excitement at Compaq, a company that has the technologies and capabilities to deliver the best Internet infrastructure, solutions and services to customers around the world," said Elliott. "Our mission is about communicating the unique values and offerings of the Compaq Brand and of building strong customer relationships." Elliott joins Compaq from Ogilvy & Mather in Tokyo, Japan, where he served as President, IBM Services Asia Pacific, a position he assumed in September 1998, from a position as Executive Group Director and Senior Partner with Ogilvy & Mather, New York. His 25-year career in advertising and brand management has included executive management and marketing positions with leading advertising agencies such as D'Arcy Masius, Benton & Bowles. Michael