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

To: Night Writer who wrote (44635)	1/22/1999 12:37:00 AM
From: Elwood P. Dowd	Respond to of 97611

transcript of EP's interview on NBR (part 1) by: world_roadshow (2?/M) 50169 of 50173 "20 & Counting"-Profile: Eckhard Pfeiffer, CEO Of Compaq SUSIE GHARIB: As part of our 20th anniversary celebration, all this week we've been featuring business leaders who have changed the landscape in the past two decades. In tonight's "20 and Counting" profile, the aggressive boss of Compaq Computer (NYSE:CPQ).Compaq didn't even exist when NIGHTLY BUSINESS REPORT first started 20 years ago. It came onto the scene in 1982. And in just one year, its revenues shot up to $111 million, a record rate of growth at that time. Its 1998 revenues are expected to reach about $38 billion. And Compaq boasts it's now the largest personal computer company in the world. The stock has surged more than 7000 percent since it was first listed on the New York Stock Exchange in 1983. If you invested $10,000 back then, it would be worth more than $1 million today. The man behind this incredible success story, Eckhard Pfeiffer. He's Compaq's hard-driving chairman, known for doing whatever it takes to reach his goals. I talked to Pfeiffer recently and asked him, what's his goal now for Compaq? ECKHARD PFEIFFER, PRESIDENT & CEO, COMPAQ COMPUTER: We have a near-term goal that is in the year 2000 to be a $50 billion company. GHARIB: But aside from the dollars, what kind of company will Compaq look like? PFEIFFER: One is to provide customers worldwide total enterprise computing solutions and services. Secondly, we have announced last year what we call customer choice. We're serving every customer and potential customer worldwide who needs any form of computing or communication device. And third, you will see Compaq's Internet strategy unfolding in many different ways. GHARIB: Let's talk a little bit about the future of the PC. There is so much discussion about this. There are those who say that it will continue as the traditional desk top stand-alone models. There are others who are saying it's going to be an unrecognizable appliance, that's faster and easier to use and there are many variations in between all of that. What is your vision? PFEIFFER: For many years to come the desk top PC will be the high-volume use of personal computer in the business as well as in the home. Where we see huge expansion is in the appliance field where not hundreds of millions, but billions of products, devices, appliances, will be needed in the world as access to the Internet becomes easier and more efficient. And people will want this capability around them all the time. It's unlimited. It's in the car. It's in the house. It's everywhere.