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

To: Elwood P. Dowd who wrote (33760)	10/4/1998 11:22:00 AM
From: Night Writer	Read Replies (1) \| Respond to of 97611

The Good, The Bad, & the Ugly. COMPAQ COMPUTER CORP said on Thursday it expected a new manufacturing strategy to boost its share in the German personal computer market, one of the few places where the world's largest PC maker is an also-ran. Since the beginning of this month, Compaq has turned over production of home PCs in Germany to a small Dresden manufacturer in an effort to bring its PC prices down to the low levels required by finicky German buyers, Andreas Barth, head of Compaq Europe, told Reuters in an interview. Compaq, which only has 2% of the German consumer PC market, is betting the partnership with Schaefer IT Logistics will boost its position to near 10%. (Reuters 06:36 PM ET 10/01/98) For the full text story, see infobeat.com * COMPAQ COMPUTER CORP 's financing arm plans to let commercial customers defer lease payments for 90 days on company products bought by Dec. 31 as part of a 4Q promotional program. As part of the program, wholly-owned company subsidiary Compaq Capital Corp. has offered to to extend a 2% cash rebate on the lease transaction's total value for customers who do not need to defer payments. The company said leases must start between Oct. 1 and Dec. 31 and the program applies to company to an array of company products and services. (Reuters 10:13 PM ET 10/01/98) * COMPAQ COMPUTER CORP said that it planned to continue using Digital Equipment Corp's high-powered Alpha processor for another 10 years even as Intel Corp nears the release of its competing Merced chip. "There has been a total commitment by Compaq to maintain and enchance these (Alpha) capabilities," Enrico Pesatori, Compaq's senior vice president of marketing, told Reuters in an interview. (Reuters 05:50 AM ET 10/02/98) For the full text story, see infobeat.com * COMPAQ COMPUTER CORP said that the integration of Digital Equipment Corp was on track and that its takeover of the company would begin to contribute to earnings by the end of 1998. "At the time of the acquisition we said we were determined to make Digital accretive by the end of the year," Enrico Pesatori, Compaq's senior vice president of marketing, told Reuters in an interview. "We are executing pretty much to plan," he said. "The December quarter is when we really should start to see the financial impact of the acquisition." (Reuters 06:32 AM ET 10/02/98) For the full text story, see infobeat.com * MARKET NEWS: Wall Street stocks ended a dismal week on an upbeat note Friday when shares recouped some lost ground on hopes of a U.S. inspired rescue package for the world's ailing economies. The Dow closed up 152.16 points, or 2%, at 7784.69. The index shed 244.08 points, or 3%, for the week in which it ended its worst quarter in eight years. On the New York Stock Exchange, advancing issues led declines by a slim 17 to 12 margin with volume heavy at 902 million shares. The Nasdaq closed up 2.65 points at 1614.98, but for the week, it was down 129 points, or 7.4%. The Standard & Poor's 500-stock index climbed 16.24 Friday to 1002.63. The 30-year Treasury was up 5/8 to yield 4.84%.For the full text story, see infobeat.com