Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Richie who wrote (58438)	4/18/1999 7:27:00 PM
From: E_K_S	Read Replies (1) \| Respond to of 97611

"...Benjamin Rosen, Compaq's new acting chief executive, said in a phone interview that the Houston-based company had been too slow under its previous management in capitalizing on market opportunities in the PC business and beyond..." from a telephone interview this evening by Reuters. (http://biz.yahoo.com/rf/990418/cy.html) "...We would like to focus on first is to accelerated the speed of our decision making," Rosen said. "In some way we have been too slow.. we want to try and get a head of the curve,'' he said of plans to attack growing market segments...." "...The computer world is in a lot of turmoil, "Rosen told Reuters in a phone interview Sunday. "The issues are very complex and we felt we really needed a change in the leadership in order to keep our position as the industry leader..." I do not know what to make of this statement... "...Rosen said the terms of Pfeiffer's departure from the company were spelled out in his original employment contract signed when he took over as the company's president and chief executive in the early 1990s..." Does this mean a large Golden Parachute? EKS

To: Richie who wrote (58438)	4/18/1999 7:33:00 PM
From: rupert1	Read Replies (2) \| Respond to of 97611

Riche: I can't believe it - you bullish! Apart from the nitty gritty of losing or making money on this stock - there is the hobby element - for those of us who are actually interested in the company and the industry. It will be interesting in the coming weeks, months and years, to see whether and to what extent this change of management did improve its rate of growth and/or profitability. So many posters have written as though the last 18 months was entirely down to bad management. I saw a post on another thread which stated that this change will be a weight off the entire tech sector if the Rosen quote about COMPAQ taking responsibility for the shortfall is substantiated. Does anyone know where that headline came from and if there has been a follow-up article? There was a reference to Rosen speaking on the telephone after the announcement, but so far no direct quotes from that. If Rosen is as decisive as is said - and he is the largest shareholder - he will be working hard before the market opens to get the right message across. It is not in his or COMPAQ's interest to let the price fall any further than it needs to.