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: rupert1 who wrote (59000)	4/20/1999 7:29:00 PM
From: rupert1	Respond to of 97611

Rosen's Letter to Employees (courtesy of she-x) Rosen's message to employees she_xlr8s (44/F/TX) Apr 20 1999 2:22PM EDT > -----Original Message----- > From: Chairman, Ben Rosen > Sent: Sunday, April 18, 1999 3:28 PM > Subject: Important Announcement > Importance: High > > To: All employees worldwide > > From: Ben Rosen, Chairman, Compaq Computer Corporation > > > Today, we announced that Compaq's Board of Directors formed an Office of > the Chief Executive to guide the Company until we complete the selection > of a new CEO to replace Eckhard Pfeiffer, who resigned from the Company. > Frank Doyle, Ted Enloe and I will constitute the newly formed Office of > the Chief Executive. As acting CEO, I, along with Frank and Ted, will be > deeply involved in the daily direction and operations of the company from > the Houston headquarters. > > Eckhard oversaw a period of stunning growth in Compaq's history. All of > us who benefited from that growth owe him a debt of gratitude. > > Our market strength and the fundamental correctness of Compaq's strategic > direction are as clear to me today as at any time in our great history. > However, we also face some challenging times, and have reached the stage > where a change is appropriate for the Company. All three of us will > dedicate ourselves to helping Compaq realize its potential, transforming > the industry once again. > > First, we plan to accelerate the pace of the entire company. As a Company > engaged in transforming its industry for the Internet era, we must have > the organizational ability to operate at Internet speed. We're going to > increase efficiency at Compaq, delivering quick responses to business > demands, promptly meeting our customers' needs, and keeping us well ahead > of the market at all times. We must remain intimately connected to our > markets and customers. > > You are the best team anywhere in the industry. We are a world leader in > personal computing, enterprise computing and Internet applications. I > know that working together, we will be able to make the right changes that > will reinforce our industry leadership. We are determined to work with you > to prove to every customer that this is the best company to serve their > information technology needs. We will also confirm to our investors that > Compaq remains a core holding in any portfolio. > > The Board is working to select a new CEO. We have instructed our search > firms to select a leader for a company on the frontier of change...a > leader capable of managing at Internet speed, with the pace of change > continuously accelerating. > > I also must inform you that Earl Mason, Chief Financial Officer, has > resigned effective immediately. He has indicated that he will become the > Chief Executive Officer of a company in an unrelated industry. Ben Wells, > Compaq's Treasurer, will be acting CFO until a successor is named. > > > I sincerely appreciate your tremendous efforts and dedication to Compaq. > Together we can re-energize the Company to seize every opportunity the > future has to offer. Thank you for your support and cooperation. > > Regards, > > Ben Rosen

To: rupert1 who wrote (59000)	4/20/1999 7:30:00 PM
From: J. Plesha	Respond to of 97611

put me down for .14 and them blaming the CEO. Joe P.