Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Night Writer who wrote (92348)	7/26/2001 10:47:53 AM
From: Steven N	Respond to of 97611

Michael Capellas, has told his battle weary troops that they won't get a share of his firms profits this time round. In a missive to the lads and lasses round the world, Capellas said: "Given the unprecedented decline in IT spending this year and its impact on our financial performance, there will be no Profit Sharing pay out for the first fiscal half of 2001. Operating profit of $434 million for the first six months of the year was short of the minimum pay out target." That blow comes just a day after Compaq filed its Q2 results and showed a loss of $279 million, compared to a profit the previous year of $388 million. And confirmation that the firm was seeing a further exodus of talented techies came from Jeff Harrow of the soon to be extinct Corporate Strategy group, in a an email to subscribers of his "Rapidly Changing Face of Computing" group. Harrow told his readers: "Since 1986, this journal has chronicled and explored and helped us all to better-understand and profit from the many innovations and trends and technologies of "computing." When we began this journey, the PC was but five years old, and wasn't even a blip on the radar screens of most businesses or homes." After briefly reviewing the progress of the technology since those days, Harrow said: "But one change is now very close to home -- this is the final issue of the RCFoC, as I leave Compaq. "I have immensely enjoyed our exploring the evolution of computing each week, as well as the opportunities I've had to explore the rapidly changing face of computing very personally with many of you around the world, through my RCFoC Seminars; perhaps we can resume our dialog in the future. So keep in touch with me through my personal Web page.

To: Night Writer who wrote (92348)	7/26/2001 11:04:18 AM
From: MeDroogies	Read Replies (1) \| Respond to of 97611

As sympathetic as I am to your viewpoint, you have to admit it has become increasingly hard to ignore the reality of the situation. When things WERE going well, MC got no respect from Wall Street. As things deteriorated, he's suddenly being lauded. I am not a fan of the decision making of WS analysts. They tend to be overly moronic. However, I can't help but wonder what the heck is going on here. Something is fishy, and if it's just that it took WS this long to figure out the guy is good, they sure have a funny way of showing their support. I'm guessing most of these guys are realizing that a number of trucks are preparing to fall off a cliff, and they are shoveling as much dirt as they can under it to make the fall a bit shorter. And I'm not pessimistic, just realistic. I DO like MC. But he has sent a number of mixed messages, at least one purely misleading one, and has yet to prove that his "180 day" schedule is being enacted. I remain on the fence about him...but it is a very sharp, pointy fence. He has to elucidate a clear vision soon and show results. I am impressed at his management in this crisis. It may not seem like much to some people, but it is certainly no worse than other high profile company's CEOs are performing. Unfortunately, it isntt an extraordinary performance.