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To: PCSS who wrote (94146)12/11/2001 4:06:34 PM
From: Elwood P. Dowd  Respond to of 97611
 
Capellas on Plan ''B''
by: skeptically 12/11/01 04:04 pm
Msg: 264200 of 264200

67K employees, that's 3100 less than Yahoo's "latest" number.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Compaq CEO: 'Absolutely Behind' Merger With H-P
12/11 2:39 PM (DJ)
Story 5691 =DJ Compaq CEO -2: Says Merger Will Build Out Services >CPQ

By Donna Fuscaldo

Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Compaq Corp. (CPQ) Chairman and Chief Executive Michael Capellas said Tuesday he is "absolutely behind" the merger of Compaq and Hewlett-Packard Co. (HWP).

During a keynote presentation at the Internet World conference here, Capellas said the merger is built on three assumptions that he still believes in: extending the enterprise's full footprint, building out services and creating more shareholder value.

In regards to an article in The Wall Street Journal's Tuesday edition that said Capellas sent a memo to employees discussing a "Plan B," he said it was a "normal response" and does not signify a new strategy. "It did occur to me (the memo) would become a public document," since it was sent to Compaq's 67,000 employees, he said.

The fate of the blockbuster merger of H-P and Compaq has come into question since news broke that the Packards joined the Hewletts in opposing the deal. Together they own about 18% of H-P.

As for how the fourth quarter is going, Capellas declined to comment.

Compaq shares recently traded at $9.51, down 19 cents, or 2%, on volume of 28.8 million, compared with average daily volume of 20.5 million shares.

-By Donna Fuscaldo, Dow Jones Newswires; 201 -938 -5253

(END) DOW JONES NEWS 12 -11 -01

03:11 PM



To: PCSS who wrote (94146)12/11/2001 4:08:59 PM
From: Elwood P. Dowd  Respond to of 97611
 
Tuesday December 11, 4:05 pm Eastern Time
Fiorina tells HP troops stay positive, deliver on qtr
SAN FRANCISCO, Dec 11 (Reuters) - Chief Executive Carly Fiorina rallied Hewlett-Packard Co.(NYSE:HWP - news) employees in a memo released on Tuesday that forecast times would get tougher before it completes the controversial merger with Compaq Computer Corp. (NYSE:CPQ - news)


Fiorina urged employees to deliver strong results for the current quarter that would silence critics and said she would not back down from the $23.5 billion deal, the largest computer industry merger ever.

HP's largest shareholder, the David and Lucile Packard Foundation, united on Friday with other founding family members by opposing the merger, effectively creating an 18-percent block of founders' stock planning to vote against the deal.

``These recent events can be unsettling and distracting for all of us, and I expect the storm to intensify over the weeks and months ahead,'' Fiorina, who has pinned her hopes on support from institutional shareholders, wrote in the memo, reported by HP in a regulatory filing.

``Rest assured that we do not intend to give up, and we will continue our efforts to return this company to greatness. Every one of you can help -- by staying positive about the merger, educating yourself about its benefits and by delivering strong first quarter results,'' she said.

HP's fiscal fourth-quarter results easily beat Wall Street forecasts -- after four straight quarters of missing expectations -- and raised faith in management.

``Delivering consistent results will silence some of our critics while we redouble our efforts to communicate the benefits of the merger to our shareowners and to you,'' Fiorina said.

The founding family foundations had ``different requirements'' from a high-technology company, she added.

Fiorina's memo was released after Compaq Chief Executive Michael Capellas said that Compaq had a ``Plan B'' to go it alone, which he called common sense despite his absolute support of the merger.

Hewlett-Packard shares had fallen $1.00, or 4.35 percent, to $22.00 late on Tuesday on the New York Stock Exchange. Compaq was off 19 cents, nearly 2 percent, to $9.51.



To: PCSS who wrote (94146)12/11/2001 4:10:25 PM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
ACI Worldwide and Compaq Computers to Jointly Deploy ZLE e-payment Solutions for Retail Banks
Financial Services Market Can More Easily Detect Fraud, Enable Personalized Marketing in Real Time
OMAHA, Neb.--(BUSINESS WIRE)--Dec. 11, 2001-- ACI Worldwide (Nasdaq:TSAI - news) and Compaq Computer Corporation (NYSE:CPQ - news) announced today that they have agreed to jointly deploy e-payment solutions for the financial services market leveraging Compaq's Zero Latency Enterprise (ZLE) technology. Based on this agreement, ACI and Compaq expect to bring new ZLE-centric products to market in the first calendar quarter of 2002. Development has already begun on the first wave of innovative solutions based on this agreement.

True zero latency computing requires that decision-makers have a single, integrated view of the business--and their customer--that is current up to the second. In an environment such as the electronic payments market, real-time insight into customer actions and business transactions offers a compelling competitive advantage. With the ZLE-enabled payment solutions from Compaq and ACI, financial institutions will be able to make more informed business decisions based on a more holistic view of the customer, provide personalized marketing messages to consumers at an ATM or on a PC, and more easily detect fraudulent transactions, all in a real-time environment.

``The Compaq ZLE architecture makes sense for financial institutions,'' said Jeff Hale, senior vice president of strategic business development at ACI. ``Our new ACI Commerce Framework suite can clearly benefit from many aspects of the ZLE architecture, most notably the introduction of an enterprise-wide Operational Data Store (ODS), that can be used to significantly increase the value proposition of our e-payment solutions for our customers. A well-designed ODS can help a bank proactively interact with its customers for more broadly defined risk management, and push information to customers based on a more holistic view of the overall customer relationship. And our solutions will allow this to happen in a true multi-channel delivery environment.''

``Strong relationships with leading ISVs like ACI provide advanced technology solutions which meet customers' business needs,'' said Pauline Nist, vice president and general manager of Compaq's Nonstop Division. ``Today's announcement is a clear indication of our commitment to deliver ZLE-enabled solutions across specific industries like retail banking, and further underscores Compaq's ability to create and deploy real-time enterprises.''

Customers will benefit from the combination of the ACI Commerce Framework and Compaq ZLE in three general ways:

Through the use of ACI multi-channel ``push'' technologies, such as its new e-Courier(TM) electronic document delivery software, customers will use the Compaq ODS to drive timely and relevant information to consumers that can result in significant cross-sell and up-sell opportunities. This can be done at ATMs, Internet sites or mobile phones. CRM-related information, for example, will allow banks to electronically deliver statements, bills and alerts that give consumers up-to-date relationship snapshots, plus solicit the purchase of new or different products that expand consumer relationships with their bank. Using ZLE architecture and ACI's mission-critical technology, this can be done at extremely high volumes, 24/7.
Customer authentication and transaction authorization solutions will benefit from the ability to make real-time decisions based on a much broader customer-centric view than has typically been used. For example, instead of simply authorizing a debit transaction based on an account balance, a bank can consider other aspects of the broader customer relationship, including credit-based accounts, mortgages and investment accounts. Leveraging ACI's new scripted authorization technology, banks can make relevant risk management decisions, including the ability to dynamically change the parameters on which financial transactions are judged. Banks will be able to radically change the way that they authorize financial transactions, based on who the customer is, where they are and what relationships they have with the bank. All of this will be done with sub-second response times in high-volume transaction processing environments.
Again linking to an enterprise-wide Compaq ODS, banks can better perform functions like fraud detection, transaction settlement and exception management. Customer-specific agreements information, timely views of transaction volumes and other relevant information can be used to improve the timeliness, efficiency and accuracy of managing the ``back office'' of e-payments. Tying this back to ACI's ``push'' technology, a bank can notify customers the minute a potentially fraudulent transaction has occurred or a significant change to an account balance is recognized.
``This is an important agreement for our financial services customers,'' added Hale. ``The resulting technology and solutions will allow banks to dramatically improve the way they interact with their customers in a multitude of delivery channels, both wired and wireless. Compaq's ZLE architecture will help facilitate our strategy of migrating our banks to a more customer-centric view of e-payment and transaction processing. Our heritage of working with Compaq will ensure that the resulting solutions are highly relevant and differentiated in terms of features, underlying technology and mission-critical deployment.''

``This relationship with ACI was an obvious choice,'' said Mark Bubar, Compaq's director of Global Financial Solutions. ``We've worked with ACI for years to deploy enterprise-class e-payment processing solutions around the world. We are pleased that ACI has the vision to recognize the value proposition of Compaq ZLE for their financial services customers. Compaq has had great success with ZLE in the retail and airline industries, and this relationship will allow us to replicate this success in financial services.''