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

To: Elwood P. Dowd who wrote (89614)	2/9/2001 9:03:39 PM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Compaq Settles Lawsuit Matter centered on gray market activity By Craig Zarley, CRN Houston 5:28 PM EST Fri., Feb. 09, 2001 Compaq has reached an out-of-court settlement in a $17 million lawsuit charging a Canadian-based VAR with gray market activity. The suit, filed last October in the U. S. District Court in Alexandria, Va., claimed that Peter Mellon and his company, The Baxter Group, Ottawa, fraudulently represented that Baxter had a large computer products contract with the Federal Aviation Administration. A Compaq spokeswoman declined to reveal terms of the settlement, but said they were favorable to Compaq. Compaq de-authorized The Baxter Group as a result of the alleged scheme, she said. Mellon did not return phone calls seeking comment on the settlement. In the suit, Compaq claimed Baxter never had a contract with the FAA and instead sold the Compaq products it purchased to other brokers and resellers. Dan Vertrees, Compaq's vice president of partner sales and marketing, North America, says the court action and settlement "represent Compaq's resolve to take appropriate action to control the unauthorized distribution of its products."