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


To: Jimbo Cobb who wrote (55127)3/29/1999 5:33:00 PM
From: Night Writer  Respond to of 97611
 
Jimbo,
I just looked at PLAT. Up $14+ today on a buy out by CA. I'm impressed!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NW



To: Jimbo Cobb who wrote (55127)3/29/1999 6:47:00 PM
From: Kenya AA  Read Replies (1) | Respond to of 97611
 
Tech Data Teams With Compaq To Launch PartnerDirect Program
PR Newswire - March 29, 1999 18:12

Initiative Unveils New Collaborative Approach To The Manufacturing And Distribution Of Computer Systems

CLEARWATER, Fla., March 29 /PRNewswire/ -- Tech Data Corp. (Nasdaq: TECD), a leading full-line distributor of technology products worldwide, today announced a partnership with Compaq Computer Corp. (NYSE: CPQ) to fulfill backoffice support services for the manufacturer's new PartnerDirect program. Under PartnerDirect, Tech Data will facilitate reseller orders of Prosignia products, configure the systems, and ship them via its pioneering FactoryDirect PLUS services located within Compaq's Houston manufacturing facility. The program represents a new collaborative approach to the manufacturing and distribution of products from the world's largest personal computer maker.

Compaq's PartnerDirect announcement coincides with the one-year anniversary of Tech Data's FactoryDirect services. The distributor began shipping products directly from Compaq's Houston facility in April 1998. Tech Data was selected as a Compaq distributor in 1992.

"This initiative reflects Compaq's commitment to the reseller channel while recognizing the inherent efficiencies and value of our FactoryDirect services," observed Brooke Powers, Tech Data's vice president and general manager of systems product marketing. "Our goal is to ensure resellers receive the most timely access possible to products configured to their specifications. We believe Compaq is taking the right steps by leveraging Tech Data's strengths in distribution and logistics as well as our heritage in serving value-added resellers."

Through its FactoryDirect services, Tech Data can cut delivery cycles by up to 10 days and significantly reduce inventory requirements at a time of decreasing price protection for computer systems. By shipping orders directly from Compaq's manufacturing facility, Tech Data eliminates transit delays that occur when trucking large pallets of systems to regional distribution centers. Through its enhanced partnerships with priority shipping services, the distributor can ensure the industry's fastest delivery to any U.S. destination. Using Tech Data's Private Label Delivery service, shipments can also be customized with reseller identity including logos and other personalized touches so each order looks like it came directly from the reseller. The free service saves additional transit time and costs associated with first shipping the product to the reseller location prior to end-user delivery.

With FactoryDirect PLUS, introduced at the Compaq location in March, Tech Data can custom-configure systems at the manufacturer site prior to shipping. Tech Data's location at Compaq's Houston facility was recently recommended for ISO 9002 certification. Tech Data's configuration and assembly personnel can integrate virtually any third-party component in addition to developing customized advanced technology solutions. Examples may include imaging and document management solutions, complex networking configurations and optical storage enhancements or the installation of reseller proprietary software applications. Each system undergoes extensive quality assurance and advanced diagnostic testing by configuration specialists using state-of-the-art equipment.

"PartnerDirect creates a collaborative business model that fully leverages Tech Data's infrastructure and proficiency in serving the reseller channel -- the historic foundation of Compaq's success," said Bob Fernander, vice president of Compaq's commercial business unit. "Tech Data will be instrumental in reinforcing our industry leadership position. We have made great strides together through our joint co-location initiative and see PartnerDirect as a natural evolution of this strategy."

About Tech Data

Tech Data Corporation, founded in 1974, is a leading full-line distributor of technology products worldwide. The Fortune 500 company and its subsidiaries operate in over 30 countries, serving more than 100,000 resellers in the United States, Canada, the Caribbean, Latin America, Europe and the Middle East. In addition to distributing more than 75,000 products from over 1,000 manufacturers and publishers, Tech Data provides extensive pre- and post-sale training, service and support as well as high-quality configuration and assembly services and a full range of electronic commerce solutions. The company generated sales of approximately $11.5 billion in its most recent fiscal year, which ended January 31, 1999. Tech Data's Web site can be found at www.techdata.com.

SOURCE Tech Data Corporation

/CONTACT: Lynette Bohanan of Tech Data Corporation, 727-539-7429,
ext. 86270, or e-mail, lbohanan@techdata.com/

/Company News On-Call: prnewswire.com or fax,
800-758-5804, ext. 841125/

/Web site: techdata.com



To: Jimbo Cobb who wrote (55127)3/29/1999 6:50:00 PM
From: Kenya AA  Read Replies (1) | Respond to of 97611
 
Is this a new one?? Don't the lawyers in Philly have better things to do??

Savett Frutkin Podell & Ryan, P.C. Files Class Action Against Compaq Computer Corporation ("CPQ") On Behalf Of Options Traders
Business Wire - March 29, 1999 18:16
PHILADELPHIA--(BUSINESS WIRE)--March 29, 1999--Savett Frutkin Podell & Ryan, P.C. hereby gives notice that a class action complaint has been filed in the United States District Court for the Southern District of Texas on behalf of a Class of persons who purchased Compaq Computer Corporation (NYSE: CPQ) ("CPQ" or the "Company") common stock or call options or who sold Compaq put options at artificially manipulated prices during the period Jan. 27, 1999 through Feb. 25, 1999 (the "Class Period") and who were damaged thereby.

The complaint alleges that defendant CPQ and certain of its officers violated federal securities laws (Section 10(b) and 20(a) of the Securities Exchange Act of 1934) by misrepresenting or failing to disclose the slowdown in demand for and sales of Compaq's products in the first quarter of 1999.

As a result of defendants' false and misleading statements and omissions, the prices of Compaq common stock, call options and put options were artificially manipulated during the Class Period.

Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Savett Frutkin Podell & Ryan, P.C. Savett Frutkin Podell & Ryan, P.C. has extensive experience representing shareholders in class actions and has successfully recovered hundreds of millions of dollars for defrauded investors and shareholders.

The reputation and expertise of the firm in shareholder and other class action litigation has been repeatedly recognized by the courts, which have appointed the firm to major positions in complex class action litigations.

Any member of the proposed Class who desires to be appointed lead plaintiff in this action must file a motion with the Court no later than sixty (60) days from March 12, 1999. Class members must meet certain legal requirements to serve as a lead plaintiff.

If you purchased CPQ common stock or bought Compaq call options or sold Compaq put options during the Class Period or have questions or information regarding this action or your rights, you may call or write:

CONTACT: Robert P. Frutkin, Esquire

SAVETT FRUTKIN PODELL & RYAN, P.C.

325 Chestnut Street, Suite 700

Philadelphia, PA 19106

Telephone: 800/993-3233

E-mail: sfprpc@op.net

CONTACT: Savett Frutkin Podell & Ryan, P.C.
Robert P. Frutkin, Esquire
800/993-3233
E-mail: sfprpc@op.net