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To: Venditâ„¢ who wrote (11193)4/18/1999 4:55:00 PM
From: Jenne  Read Replies (3) | Respond to of 41369
 
How will this impact the market tomorrow?

Compaq CEO resigns in stunning shakeup
By Mike Yamamoto
Staff Writer, CNET NEWS.COM
April 18, 1999, 1:45 p.m. PT
In a surprise move with ramifications throughout the high-tech world, Eckhard Pfeiffer resigned today as Compaq Computer's chief executive officer.

The unexpected top-level shakeup also included the resignation of Earl Mason as the leading PC maker's chief financial officer.

Until a new CEO is found, Compaq's board of directors has formed a three-man office of the chief executive to oversee daily operations. Chairman Benjamin Rosen and vice chairmen Frank Doyle and Robert Ted Enloe will maintain that office, the company said.

"The board is committed to move quickly to select the right chief executive officer to lead the next era of Compaq's growth and development," Rosen said in a statement released from its Houston headquarters.

"Eckhard Pfeiffer oversaw a period of stunning growth in Compaq's history," Rosen added. "All those who benefited from that growth owe him a debt of gratitude."

Pfeiffer's own comments, included in the same statement, were brief and general.

"Compaq has come a long way since I joined the company in 1983. We are a world leader in personal computing, enterprise computing, and Internet applications," the departing CEO said. "Under Ben's guidance, I know this company will realize its potential, transforming the industry yet again. I am thankful to all employees at Compaq for their support and the chance to work with them."

The company statement added that company treasurer Ben Wells will serve as acting chief financial officer. Mason has indicated that he will become chief executive of a company in an unrelated industry.

Technology industries



To: Venditâ„¢ who wrote (11193)4/18/1999 6:59:00 PM
From: Hobie1Kenobe  Read Replies (1) | Respond to of 41369
 
OT
Vendit,
Can you assure us that no animals were harmed in the filming of your profile? <VBG>
JF3



To: Venditâ„¢ who wrote (11193)4/18/1999 9:57:00 PM
From: Rhino Ray  Respond to of 41369
 
<OT>Vendit, Thanks. I'm using netscape communicator and real player G2. I can get the happy dance now. It just hasn't been able to play for me for a while. Well, now I feel great about AOL going up this week. It amazes me though of the similarities between now and before the last earnings release on Jan 27th. Jan 11th it was 82 9/16 then it dropped the next few days to a closing low of 72 1/4 it see-sawed up to 75 1/4 Jan 19th then a low of 70 7/32 on Jan 22nd only 3 trading days before earning when it started the earnings run-up and never looked back. These prices are all post-split. With all the great news this thing should rock. The only thing I believe is holding it back at all is the broadband cable question. But, in reality, probably at the rate cable is able to expand, by the time it could develop to become a force I believe that new technologies in the area of wireless will surpass cable and put it out of everybody's mind. The main thing is -- what we all know AOL has eyeballs.

Ray