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

To: rupert1 who wrote (57890)	4/14/1999 1:36:00 PM
From: rupert1	Respond to of 97611

Shoot! The WSJ never mentioned the SI thread! April 14, 1999 -------------------------------------------------------------------------------- Compaq CEO Knows He Needs To Rebuild Credibility Dow Jones Newswires NEW YORK -- After warning Wall Street that it will fall short of first quarter earnings estimates and a subsequent shareholder class action suit, Compaq Computer Corp. (CPQ) Chairman and Chief Executive Eckhard Pfeiffer knows he has to rebuild credibility with investors and analysts. "I make a personal commitment to the investment community that we will have an ongoing dialogue and a constant visibility on what is happening and we will fix the credibility gap," Pfeiffer said in an interview with CNBC Wednesday. The executive noted that he has been speaking to over 4,500 investors in Houston and has held four analyst calls over the last three days in order to discuss the company's outlook and its move toward providing PCs through direct as well as indirect channels. "These are all important changes that we are making and they will pay off in the future," he said. The executive noted that Compaq had to move toward direct channels of distribution to remain competitive. "We cannot exclude or will not exclude ourselves from that roughly 35% total market opportunity," he said. In the same interview with CNBC, Novell Inc.'s (NOVL) chairman and chief executive, Eric Schmidt, said he believes Compaq's initiative to broaden its product lines is working. In addition, Schmidt said he expects Novell's recently announced caching system collaboration with Compaq to provide the companies with a majority share of the caching market. "This caching system offers 10 times better performance than any other caching solution," he said. Schmidt added that Novell has not seen any impact from year 2000-related issues so far. "We had made some changes in terms of product strategy to move to more incremental releases and try to work with our customers through licensing to get through any kind of humps, but we haven't seen them yet," Schmidt said. -Nicole Ridgway; 201-938-5174