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

To: Mike Torrence who wrote (24546)	4/17/1998 11:26:00 PM
From: A. Fineigler	Respond to of 97611

Re DEC, there's a lot of dead wood there. Most of the really good people left DEC already, IMHO, speaking as someone who knows a lot of ex-DEC and a few current DEC people. This is good news for CPQ, as they can easily downsize a high percentage of DEC staff while maintaining most of DEC's revenues. I feel sorry for those impacted, but hopefully they will get a new job pretty easily in the current red-hot high-tech jobs market, in which case they will make out like bandits with their severance packages. I don't know if CPQ is planning anything along those lines, but it would make a lot of sense if they are. In summary, after some substantial one-time charges I believe CPQ will create a much more efficient organization of the ex-DEC divisions and make the integrated company wildly profitable. And Robert Palmer (DEC CEO) will be paid handsomely for having taken a company that was second only to IBM in market share and turning it into a sad also-ran with flat revenues while the entire Computer and Software industry had explosive growth. Just as Jim Manzi was apparently given $80M (?) or so for losing a commanding lead in desktop marketshare to Microsoft. Wish we could all could get jobs where failure meant we got paid only tens of millions of dollars <:-( AF