Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dennis R. Duke who wrote (24895)	4/24/1998 1:00:00 AM
From: Steve Fancy	Respond to of 97611

Compaq Announces a Defined Systematic Share Repurchase Program BusinessWire, Thursday, April 23, 1998 at 11:30 HOUSTON--(BUSINESS WIRE)--April 23, 1998--Compaq Computer Corporation (NYSE:CPQ) announced today that it has been authorized by its Board of Directors to begin a systematic stock repurchase program to acquire up to 100 million shares of its common stock. As of March 31, 1998, the Company had approximately 1.5 billion shares outstanding. Ben Rosen, Compaq's Chairman of the Board, stated, "This action reflects our confidence in Compaq's long-term growth and is designed to assist in offsetting dilution from the issuance of stock under the Company's equity incentive plans." The shares will be purchased in open market or private transactions. The number of shares to be purchased and the timing of purchases will be based on several factors, including the level of stock issuance under the equity incentive plans, the price of Compaq stock, general market conditions and other factors.