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


To: Whys1 who wrote (58420)4/18/1999 5:38:00 PM
From: rupert1  Read Replies (2) | Respond to of 97611
 
Some info about the troika running it as of now:

Compaq CEO And CFO Resign

HOUSTON (Reuters) - In a stunning fallout from its recent financial turmoil, Compaq Computer Corp. (NYSE:CPQ - news), the world's No. 1 personal computer
maker, Sunday said its chief executive and chief financial officer have resigned.

In a statement, the company's board of directors said they named Chairman Ben Rosen and two vice-chairmen to a three-man office of the chief executive, and that Ben
Wells, Compaq's treasurer, has been named as acting chief financial officer.

The office of the chief executive, which, effective immediately, will begin overseeing the company's day-to-day operations, will also include Frank Doyle and Robert Ted
Enloe, both of whom serve as Compaq directors and vice chairmen.

Rosen, who has served as chairman of the Houston-based company since he co-founded the company in 1982, will serve as acting chief executive, pending the selection
of a new chief executive to replace Pfeiffer, who resigned Sunday.

Doyle, a former top marketing executive at General Electric Co. and Enloe, a financial services executive and the second longest serving member of the Compaq board,
after Rosen, will be actively involved at Houston headquarters.

In a phone interview following the announcement, Rosen said Mason, the company's chief financial officer, had resigned in order to take the top executive position at an
as-yet-undisclosed company outside the computer industry.



To: Whys1 who wrote (58420)4/18/1999 5:39:00 PM
From: Elwood P. Dowd  Respond to of 97611
 
Compaq's Rosen Says Compaq, Not Industry, Deserves a Lot of Q1 Shortfall
Blame

(This is a headline-only alert, although it will likely be followed by an
article soon)