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


To: Dr. Id who wrote (27624)6/12/1998 3:39:00 PM
From: Diamond Jim  Respond to of 97611
 
Compaq confirms 17,000 job reductions

NEW YORK, June 12 (UPI S) _ Just one day after completing its acquisition of Digital Equipment Corp., Compaq
Computer Corp. has confirmed it will slash 17,000 jobs from its payrolls over the next 12- months. During a
news conference on Wall Street, Compaq CEO Eckhard Pfeiffer said there will be 2,000 layoffs within
Compaq, in addition to the 15,000 previously announced at Digital Equipment Corp.