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

To: PIRANHA who wrote (21543)	3/12/1998 2:00:00 PM
From: Cosmo Kramer	Read Replies (2) \| Respond to of 97611

Compaq to unveil small business strategy MUNICH, March 12 (Reuters) - Compaq Computer Corp (CPQ - news). said on Thursday it planned to outline a new worldwide strategy for selling computers to small and medium-sized businesses next week at Germany's CeBIT computer trade fair. The company, which a week ago shocked Wall Street with a warning about profits and slackening demand, said that chief executive Eckard Pfeiffer would detail a new range of products and services at a news conference on March 19. The company, in an invitation to the event, said representatives of chip maker Intel Corp. [Nasdaq:INTC - news] and Microsoft Corp. [Nasdaq:MSFT - news] would participate in the announcement. Late last week Compaq said it would only break even in the first quarter, a result far below expectations, and said demand was weakening as it sought to move inventory that had built up at retail outlets and computer dealers. The company, the world's largest PC maker, has also apparently hit turbulence as PC demand has shifted to machines priced below $1,000 and in turn put pressure on margins for servers. Servers, brawny computers that control networks and the Internet, have provided a large share of the Houston company's profit.