To: Boplicity who wrote (118544 ) 4/18/1999 10:55:00 PM From: Mohan Marette Read Replies (2) | Respond to
Was 5fer fired? '... Pfeiffer, 57, was fired after a series of missteps, including the first-quarter profit shortfall, failure to articulate a plan for besting rival Dell Computer Corp. and concerns that Compaq didn't provide enough warning about its financial plight. The Houston-based company's shares tumbled 24 percent in the past week and have lost more than half their value since their high in January. ''Someone had to take the fall,'' said analyst Ashok Kumar of U.S. Bancorp Piper Jaffray, who rates the stock ''buy.'' ''You have to give kudos to the board for acting decisively and in such a short time frame.''....Road Oft-Traveled Pfeiffer's departure leaves the world's second- and third- largest computer companies searching for new chief executives. Lewis Platt plans to step down next year when Hewlett-Packard Co. completes its split into two companies. International Business Machines Corp. is the world's largest computer company, followed by H-P and Compaq......A bit about Rosen ''Compaq has changed -- it is no longer a PC company,'' Rosen said in an interview. ''It's a different kind of company and sometimes that calls for changes in leadership.'' quote.bloomberg.com
