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To: edamo who wrote (117006)	4/13/1999 1:38:00 PM
From: Dave B	Read Replies (2) \| Respond to of 176387

FWIW--- Pfeiffer Says No 'Nuclear Winter' In Forecast By Edward F. Moltzen Houston 1:12 PM EST Tues., Apr. 13, 1999 Compaq Computer Corp.'s Chief Executive Eckhard Pfeiffer said there will not be a massive halt on IT spending during 1999 as year preparation issues get closer to their deadlines. Pfeiffer said at a news conference, here, that there may be some larger companies halting spending late in the year, but other companies will not. "There will not be a nuclear winter," Pfeiffer said. "We believe there will be multiple segments that will not be affected by Y2K spending," he said, including consumer, small- and midsize-business segments. Pfeiffer spoke with reporters following his keynote address at Compaq's Innovate99 conference for partners, being held near the company's corporate headquarters in Houston. The conference is being held the same week Compaq has disclosed that it will not meet Wall Street expectations for profit or sales when it reports its first quarter earnings, but Pfeiffer has said that will not impede the company's advances. The year 2000 issue has been a concern of some Wall Street analysts, who believe the PC industry could be hit hard if IT spending halts in advance of New Year's Eve. However, some Compaq customers have said they will put the brakes on IT spending later in the year, while some customers have said they will move "full speed ahead," Pfeiffer said. Regarding Compaq's integration into its operations of Digital Equipment Corp., which it bought last year, Pfeiffer said the work is continuing almost a year after the deal was completed. "The day-to-day integration of tens of thousands of employees [happens] on an ongoing basis," Pfeiffer said. "The synergies we are seeing are growing day by day as people learn to work beside each other." Pfeiffer defended Compaq's decision to create a new Internet branding initiative called NonStop eBusiness Solutions,acknowledging that IBM Corp., its bitter Armonk, N.Y.-based rival, has been using the term aggressively for two years. While the naming and branding may be new, Compaq has been deploying electronic-commerce and electronic-business solutions and has market leadership in Web services, Pfeiffer said. "The name is generic," Pfeiffer said. "It is not protected or anything. It is everybody's."