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

To: Elwood P. Dowd who wrote (96917)	4/8/2002 3:57:56 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Compaq to Make Announcement about Product Sales Since September Apr 08, 2002 (The Dallas Morning News - Knight Ridder/Tribune Business News via COMTEX) -- Compaq Computer Corp. will announce Monday that it has sold more than $900 million worth of data storage devices and software since September, a sign that it's succeeding in attempts to grab market share by offering lower prices. Customers include Dollar Rent A Car Systems Inc. of Tulsa, Okla.; Valley Baptist Health System of Harlingen, Texas; and Tyson Foods Inc. of Springdale, Ark. Companies' increasing reliance on information technology caused sales of storage capacity equipment to soar in the late 1990s. The growth slowed in recent years but is expected to grow to more than $26 billion in 2003, according to research firm International Data Corp. Houston-based Compaq has tried to best rivals such as EMC Corp. by cutting prices. Compaq chief executive Michael Capellas has said the company's efforts have allowed it to cut prices and make a healthy profit at the same time. Compaq and EMC both claim they hold the most market share in data storage. It's difficult to measure because each holds a lead in different devices. By Crayton Harrison To see more of The Dallas Morning News, or to subscribe to the newspaper, go to dallasnews.com.