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

To: Elwood P. Dowd who wrote (27607)	6/12/1998 12:07:00 PM
From: Andeveron	Respond to of 97611

>> Watching/listening to EP is about as exciting as watching paint dry or grass grow. El << Grass, at least moves when the wind blows. EP stands there like wood.

To: Elwood P. Dowd who wrote (27607)	6/12/1998 12:15:00 PM
From: William Hunt	Respond to of 97611

ELLWOOD --- NOW at a 11% correction on the NASDAQ -- hopefully this slow death will be over in the next few days ! BEST WISHES BILL

To: Elwood P. Dowd who wrote (27607)	6/12/1998 1:30:00 PM
From: S.C. Barnard	Read Replies (2) \| Respond to of 97611

Close your eyes and pretend he is Arnold Schwarzenegger? <g>

To: Elwood P. Dowd who wrote (27607)	6/12/1998 4:43:00 PM
From: NickSE	Read Replies (2) \| Respond to of 97611

Watching/listening to EP is about as exciting as watching paint dry or grass grow ---He definitely is not exciting to watch, but he sure does execute. You do have to admire his ability to get things done. --------------------------------------------------------------------------------------------------------------------------------- Pfeiffer Took Charge Early In Integration By Joe Wilcox Houston 4:47 PM EDT Thurs., June 11, 1998 .............. Although the more than $9 billion merger between Compaq Computer Corp. and Digital Equipment Corp. only became final today , Compaq Chief Executive Eckhard Pfeiffer has been quietly taking a larger role in overseeing Digital's operations for several months, according to sources. Pfeiffer has not only been hands on driving the integration of the two companies, behind the scenes he has taken on the role of preparing beleaguered Digital employees for the transition, according to sources close to Digital. Digital Chief Executive Robert Palmer, who is leaving in July with a reported $6.5 million severance package, has maintained a very low-profile and kept mum on the future of Digital amidst a sea of speculation. Meanwhile, over the last several months, Pfeiffer has on several occasions e-mailed Digital employees about the status of the merger, the progress of the integration and their future, according to sources at Digital. Pfeiffer was also behind the move to dump Compaq's longtime advertising agency, Interpublic Group's Ammirati Puris Lintas, and to adopt Digital's agency, Omnicom Group's DDB Needham, New York, which is preparing a major ad blitz for next week, said a source close to the integration effort. Pfeiffer may have also played a major role in approving what have been characterized as "generous" severance packages for departing employees, claimed a source close to Digital. Compaq officials were not available for comment. Analysts speculate around 15,000 Digital employees will get their walking papers in the days ahead, the bulk of them in New England. Early indications were those layoffs would come all at once, but as late as this week Compaq executives were considering stretching the layoffs over six months, according to a source close to the integration effort. Pfeiffer, who is known for demanding and rewarding loyalty, is only bring a handful of top level Digital executives to over to Compaq. According to a memo sent yesterday by Pfeiffer to Digital employees, John Rando, William Strecker and Thomas Siekman are the only three making the transition to Compaq. Rando will be Compaq's senior vice president and group general manager for Services, Strecker will be senior vice president of Technology and Corporate Development, and Siekman will be senior vice president, general counsel and secretary. "Other current members of the DEC senior management team will remain to help with the transition," Pfeiffer told employees in the memo. Observers said they are not surprised that Pfeiffer took an early, hands-on role at Digital. Industry watchers expect that in the coming weeks as Pfeiffer assumes formal control over the merged companies, he will move quickly to consolidate product lines, close some of Digital's worldwide operations, and assimilate Digital's service organization.