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

To: Elwood P. Dowd who wrote (89279)	1/26/2001 9:06:33 AM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

Compaq Names Sanford Litvack to Board of Directors HOUSTON, Jan. 26 /PRNewswire/ -- Compaq Computer Corp., (NYSE: CPQ - news), a global provider of enterprise technology and solutions, today announced the appointment of Sanford M. Litvack, a former vice chairman at The Walt Disney Company, to its Board of Directors. ``I have had the opportunity to get to know Sandy Litvack well and welcome his broad perspective and scope of business experience with one of the world's greatest brands,'' said Michael D. Capellas, chairman and chief executive officer. ``Sandy will be a great addition to our team as Compaq's Board of Directors and management work together to secure the Company's position as the leading global provider of enterprise technology and solutions.'' ``I have been enormously impressed with what Michael and the rest of his Compaq team have accomplished by repositioning the company for growth as a leader in the enterprise space,'' said Sandy Litvack, former vice chairman of The Walt Disney Company. ``I am honored to have been asked to serve on the Board and look forward to being part of this great company.'' Litvack, 64, left his vice chairman's position at Disney at the end of 2000 and moved to a part-time role with the company focusing on legal and governmental affairs, as well as corporate alliances and sports operations. He continues to represent Disney on the supervisory board of Euro Disney S.C.A. He joined Disney in early 1991 as senior vice president and general counsel, moved to the post of executive vice president, law and human resources, became senior executive vice president and chief of corporate operations and then vice chairman of the board. He played a key role in the Disney acquisition of Capital Cities/ABC, which has become a Disney growth engine. Prior to joining Disney, Litvack was a member of the executive committee and chairman of the litigation department of the law firm, Dewey Balantine. He also served as assistant attorney general in charge of the Antitrust Division of the Department of Justice during the administration of President Jimmy Carter. Litvack holds a bachelor's degree from the University of Connecticut and a law degree from Georgetown Law Center. He was chairman of the Antitrust Law Section of the New York Bar Association and has been admitted to practice before numerous courts, including the United States Supreme Court. Born in Brooklyn, N.Y., he and his wife, Judith have four children and several grandchildren. Company Background Compaq Computer Corporation, a Fortune Global 100 company, is a leading global provider of enterprise technology and solutions. Compaq designs, develops, manufactures, and markets hardware, software, solutions, and services, including industry-leading enterprise computing solutions, fault-tolerant business-critical solutions, and communications products, commercial desktop and portable products, and consumer PCs that are sold in more

To: Elwood P. Dowd who wrote (89279)	1/26/2001 2:30:52 PM
From: hlpinout	Respond to of 97611

By: John G. Spooner, CNET News.com 1/26/01 10:54 AM Source: News.com If a device can hook into the Internet, there's a good chance Compaq Computer will make a version of it, the company's chief executive said Friday. Speaking at the company's annual meeting for analysts, Compaq CEO Michael Capellas outlined his vision of a world in which "all kinds of devices" will access the Internet over an expanding grid of servers. With the rise of wireless handhelds, phones and pagers that can access the Internet and interface with multiple servers, a sea change is taking place, he said in Houston. In the new distributed computing age, PCs won't remain the primary devices accessing servers. Instead, servers will dish out data to a wide range of machines, including PCs, handheld computers, mobile phones, pagers and Internet appliances via wired and wireless connections. "The world is going back to distributed computing," he said. "I really do believe this is the foundation of how the world will look." Internet connections inside cars will become prevalent as well, he said. "The wireless Internet will continue to make things change very rapidly. It won't be more than a couple of years before virtually every car has Internet access built in." In fact, it's a service that Capellas could have used this morning. The meeting started about 30 minutes late because Capellas got stuck behind a six-car pileup. Capellas was "far enough away to not be involved, but close enough not be able to get around it," he said. Compaq's role in the future that Capellas outlined will be to provide hardware and other technology. The company enjoys an inherent strength, he said, because it already sells traditional PCs, as well as handheld and Internet appliances. When it comes to big servers, Compaq garnered $800 million in revenue last year from its Alpha Server GS otherwise known as Wildfire. Although this was below Compaq's original goal of $1 billion, the component issues that contributed to the shortfall have been eliminated, some analysts have said. As a result of the changing environment, Compaq sees opportunity in storage, Web-content serving, home networks and home entertainment. "The personal computer will become the center of home entertainment. People still have a love for the computer," Capellas said. The company has also seen a rise in some of its vertical markets, especially life sciences. It has, for example, signed an agreement with Sandia National Laboratories to build a new Alpha processor-based supercomputer. It also has been working with the U.S. Department of Defense and the Singapore government. Singapore wants to use computer modeling, which requires large amounts of computing power, to determine why Singaporean prostate cancer levels are high, Capellas said. He seemed most excited about the market for mobile Internet access. There, Compaq will sell the devices, ranging from its iPaq handheld computer to Compaq-branded BlackBerry pagers, and the servers that provide access, serve Web pages and handle databases. Capellas also used the meeting to reiterate expectations of a slowdown in the first six month of the year. "There's absolutely no surprise there will be continued price pressure throughout the first half," he said. European sales and most of Compaq's large global accounts will be less affected than U.S. sales, he predicted. "We think there will be continued build out of the Web in (big) accounts," he said. "I think you're going to see spending on IT, just very wisely in some segments." Despite Capellas' upbeat vision of the future, Compaq's problems are not solved. "A good friend of mine once said, 'Only the paranoid survive.' We understand that, and we keep looking around us."