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

To: Elwood P. Dowd who wrote (52238)	3/9/1999 9:54:00 AM
From: John Koligman	Respond to of 97611

Elwood, here is Pfeiffer's pay package. I wonder what performance targets generated the 'bonus'. As an aside, I have heard on other threads that HWP is a pretty 'honest' company. I tend to agree with that as I read a piece recently (Forbes) that stated CEO Platt actually had to RETURN options to the company because performance targets were not met. Very unusual, as most firms simply reprice the options. Regards, John Compaq CEO gets raise but makes less By Dawn Kawamoto Staff Writer, CNET News.com March 9, 1999, 4:00 a.m. PT Compaq chief executive Eckhard Pfeiffer received an 18.3 percent salary raise in 1998, but his overall compensation package paled in comparison to what he was given the year before. Pfeiffer, whose total package came to $23.3 million, received a base salary of $1.5 million and a $3 million bonus, slightly less than the $3.25 million he received the previous year. Compaq's board granted Pfeiffer 875,000 stock options at an estimated value of $17.2 million, based on a 5 percent appreciation, with an exercise price of $31.25 a share. By contrast, Pfeiffer received $70.1 million the previous year in a package that was also largely composed of options. In 1997, Pfeiffer received 1.75 million options totaling $64.1 million. Last year's compensation was reduced despite the computer giant's 26.8 percent increase in revenues to $31.2 billion. Compaq also posted a $2.7 billion net loss during the year because of its Digital Equipment acquisition and some plant closures, compared with a profit of $1.85 billion the previous year. Although Compaq's fourth quarter was stronger than Wall Street had expected, some analysts attributed its performance to accounting changes. The PC maker had reversed some earlier charges and received tax breaks that improved its earnings outlook, analysts said. The company's stock rose roughly 40 percent during the year to close at 42.0625. But shares have since fallen, closing at 34.3750 yesterday.

To: Elwood P. Dowd who wrote (52238)	3/9/1999 9:56:00 AM
From: PCSS	Read Replies (1) \| Respond to of 97611

El, CPQ has been in China for a long time. When I was there 3 yrs ago there were lots of CPQ billboards. At least CPQ is dealing in a BIGtime market with HUGE potential at HIGH Gov't levels ... this will payoff over time. Another piece of potentially excellent news to be ignored. Sooner (hopefully) or later (for sure) this baby will TAKE-OFF. Michael

To: Elwood P. Dowd who wrote (52238)	3/9/1999 1:35:00 PM
From: Night Writer	Read Replies (3) \| Respond to of 97611

El, This article is very interesting. In the past some posters have wondered about Compaq's Asian strategy, or made statements that Compaq had no Asian strategy. This article along with other recent articles indicate a very strong presence and execution of a well thought out Asian strategy. Have you noticed EP's activities shortly after the investor/analyst visit to Houston? He has been a very busy gentleman. All the activities have been positive and focused on execution of global business plans. This brings several questions to mind. Should EP be defending the share holders against the current analyst backlash, or negative analysis? Should he be focusing on the many global projects at hand? Which focus would do more for long term shareholder value? NW