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

To: Piotr Koziol who wrote (87098)	11/27/2000 11:24:38 AM
From: Night Writer	Respond to of 97611

Logistics.com(TM) to Provide Compaq Computer Corporation Transportation E-Procurement Solutions for All Modes of Transportation Worldwide Logistics.com's Proven B2B Technology, the Digital Transportation Marketplace(TM), Chosen by Compaq to Streamline Its Procurement Needs Via The Internet BURLINGTON, Mass., Nov. 27 /PRNewswire/ -- Logistics.com, Inc., the leader in online transportation procurement and management, today announced that Compaq Computer Corporation (Nasdaq: CPQ), one of the largest suppliers of computing systems in the world, has agreed to begin utilizing Logistics.com's full suite of transportation e-procurement capabilities. The first phase of this partnership spans global freight transportation for all modes of transportation -- air, ocean and land-based -- as well as strategic, tactical and spot market Internet-based procurement. Logistics.com will leverage its Digital Transportation Marketplace(TM) (DTM(TM)), its B2B technology for online transportation procurement and management, to meet the needs of Compaq's global freight transportation network. Three key components of the DTM will be utilized; OptiBid_RFP(TM) will be used for strategic multi-attribute freight contracting, OptiBid_Online(TM) for tactical lane-level contracts, and QuoteShip Exchange(TM) for spot quote transactions. All three levels of procurement will be used to procure Compaq's domestic and international freight transportation. "Compaq investigated all available global procurement solutions and found that Logistics.com offered the best and most comprehensive product solutions suite," said Thomas Day, director of Global Transportation, Compaq Computer Corporation. "Most impressive was its ability to procure freight globally and across all modes of transportation using all bidding platforms. This will result in substantial efficiencies and cost savings across our organization." "Compaq is renowned for pushing the envelope of technology not only in its own products, but in every facet of its business operations," said Yossi Sheffi, CEO of Logistics.com. "This philosophy was one of the contributing factors in Compaq's decision to use Logistics.com's total procurement solution to distribute its products globally. Our partnership solidifies the leadership position of Logistics.com in the global transportation procurement arena." The partnership between the two companies, which is effective immediately, will initiate the drive by Compaq and its selected transportation providers to increase operating efficiencies. A strategic ocean freight transportation bid using OptiBid_RFP is the first deliverable of the relationship. Shortly after its launch in May 2000, the DTM has already completed successful freight transportation bidding operations with a number of the nation's leading shippers and carriers. "The DTM is proven, with real transactions and real dollars flowing through it," said Gregg Borgeson, president of Logistics.com. "That was clearly attractive to Compaq." Technology solutions powered by Compaq are an integral part of Logistics.com's innovative infrastructure. To increase database storage and tracking capabilities, Logistics.com purchased Compaq ProLiant servers in January, 2000 to support its business critical services. "While Logistics.com is very much a strategic enabler helping Compaq operate more efficiently, they are also a customer who values our products and services," said Day.