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

To: Night Writer who wrote (82032)	5/8/2000 2:15:00 PM
From: Night Writer	Respond to of 97611

Compaq streamlines Enterprise Business Group MAY 8, 2000, M2 Communications - Compaq Computer Corporation today announced organisational changes to streamline its Enterprise Solutions and Services Group (ESSG). Three ESSG divisions now report directly to Michael Capellas, Compaq President and Chief Executive Officer. These business units are Industry Standard Servers, Business Critical Servers and Storage Products. In addition, Compaq has combined its services and solutions divisions with the world-wide sales organisation. Professional Services and Solutions, as well as Customer Services, now report to Peter Blackmore, Senior Vice President, Sales and Services. "This action reduces a level of management and simplifies our business process - and allows us to focus clearly on providing our customers with end-to-end solutions," said Blackmore. Compaq said that Enrico Pesatori, Senior Vice President and Group General Manager, ESSG, is leaving the company to become CEO of Synaxia Networks. "We thank Enrico for his many contributions to Compaq and wish him the best in his new endeavour," said Capellas. "We have a great foundation on which to drive profitable growth, and our moves today further improve Compaq's focus and responsiveness to the marketplace." Compaq's Consumer Group and Commercial Personal Computing Group are unchanged.