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


To: MeDroogies who wrote (93541)11/1/2001 11:46:17 AM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
Bids for Swissair's I.T. unit(Atraxis)?
by: skeptically 11/01/01 10:36 am
Msg: 259890 of 259892

Wonder who the two bidders are?
biz.yahoo.com
Thursday November 1, 10:25 am Eastern Time
IBM withdraws from bidding for Swissair IT unit
By Marcel Michelson

ZURICH, Nov 1 (Reuters) - Information technology firm IBM Corp. (NYSE:IBM - news) withdrew from bidding for a key Swissair Group unit on Thursday amid efforts to speed the sale of viable firms from the wreckage of the former flag carrier.

Frenetic talks are taking place to try and sell three airline-related units of the once-mighty Swiss aviation conglomerate and stave off a fresh liquidity crunch that could deal a big blow to a national airline salvage plan.

Under this 4.3 billion Swiss franc ($2.66 billion) plan, regional airline Crossair is set to operate some 70 percent of the destinations formerly flown by the collapsed 70-year-old Swissair. It has started operating some European destinations, and long-distance flights are scheduled for April.<

>The main units are the SR Technics maintenance company, the Swissport ground handling unit and the information technology unit Atraxis, which operates flight information services and booking systems that are vital for both airports and airlines.

These companies are expected to run out of cash this month, and the central government has issued a warning it was unwilling to release any funds from the one billion credit to Swissair, as long as the liquidity fate of the subsidiaries remained open.

Current taxpayer funds to Swissair, from a 450 million emergency cash facility awarded after a two-day grounding in early October, are set to last until the weekend.

Atraxis had been in advanced merger talks with Lufthansa Systems Group before the Swissair Group obtained a provisional debt moratorium early last month.

However, the provisional administrator for Swissair wants to see money in exchange for Atraxis in order to pay creditors at least part of what the debt-laden Swissair Group owes.

IBM joined the fray at a later stage.

``We were interested in Atraxis and had a joint bid with Lufthansa,'' a spokeswoman for IBM Switzerland said. ``We withdrew our bid a short while ago.''

She could not say whether Lufthansa was still pursuing a bid on its own. Lufthansa and Atraxis had no immediate comment.

An Atraxis board member said on Wednesday that ``very intensive'' negotiations were taking place with a final shortlist of two possible buyers. He added that negotiations were scheduled for completion in the next few weeks, and expected the sale to be closed by the end of the year.



To: MeDroogies who wrote (93541)11/1/2001 3:27:19 PM
From: The Duke of URLĀ©  Respond to of 97611
 
--------------------------------------------------------------------------------
Compaq And Qualcomm Showcase Next Generation 3G Wireless Solution at Cdg World Congress

November 01, 2001 08:58:00 (ET)

SAN DIEGO, Nov 1, 2001 /PRNewswire via COMTEX/ -- Compaq Computer Corporation (CPQ, Trade) and QUALCOMM Inc. (QCOM, Trade) continued to prove their leadership and commitment to high-speed wireless data solutions by demonstrating next generation (3G) wireless multimedia data services today at the CDG World Congress in San Diego.

Using a Compaq Evo Notebook N600c and 1xEV-DO Compaq MultiPort Module, the companies showcased advanced wireless data services such as wireless Web browsing, mobile e-mail and video streaming all at speeds of up to 2.4 Mbps. The 1xEV-DO Compaq MultiPort Module delivers on both companies' shared vision of enabling high-speed wireless data anytime, anywhere.

"Demonstrating the 1xEV-DO Compaq MultiPort Module at the CDG World Congress is an important milestone in realizing a vision for pervasive high- speed wireless data," stated Kevin Frost, vice president of mobile products business, Compaq Access Business Group. "The Compaq MultiPort design provides a superior platform on which to integrate next generation wireless technology as proven by today's demonstration with QUALCOMM."

The two companies will continue to work together to make 1xEV-DO enabled Compaq notebooks available for use in upcoming network field trials.

"Compaq's MultiPort design provides superior performance and flexibility for integrating wireless capabilities such as 1xEV-DO into a notebook computer," stated Barbara Noerenberg, vice president of program management for QUALCOMM. "This demo pairs industry leading QUALCOMM 3G technology with industry leading notebooks from Compaq that have been optimized for integrated high-speed wireless data."

The demonstration used the Compaq Evo Notebook N600c, one of the latest additions to the Compaq Evo line of notebooks PCs. The Evo Notebook N600c features up to a 1.2 GHz -M Mobile Intel Pentium III-M processor, ATI Mobility Radeon graphics adapter with 32MB of DDR (double data rate) SDRAM memory, 14.1" SXGA+ TFT display and high performance DVD/CD-RW optical drives.

Additional information on the Compaq Evo N600c can be found at compaq.com



To: MeDroogies who wrote (93541)11/1/2001 6:05:00 PM
From: Night Writer  Respond to of 97611
 
MeDroogies,
We are on the wave length after all.

If you look back, I was careful to say specific economic predictions were the goal on the econometric program. (or words close to that) I believe predictions on the general economy are even called economic forecasts. Just like the weather and maybe just as accurate. I am forecasting that we will have cold weather this winter and next summer will sometimes be hot. <G>

Hmmm, economics a "soft" science. That would be an interesting discussion. On a Macro level, I think she is correct. On a micro level, I think it is a hard science. Although my basic economics was based on butter and bullets and the macro micro books came shortly after that. So my definition of macro micro might be warped. I think Managerial Economics is a hard science. That is an area I associate with rightly or wrongly with microeconomics. I'm sure there are other economic areas that are also hard science, but I would have a hard time putting a label on them. For example I think cost accounting is a detail roadmap of how to use economic principles. Now I will shut up before I get boring and obnoxious and have to explain my fuzzy logic. <G>

Good to see CPQ holding above the amateur TA support area.
NW