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

To: Scumbria who wrote (60901)	5/9/1999 1:55:00 AM
From: BILL CHOW	Respond to of 97611

Rude: This is what remembered too. Tandem had 8,000 and Compaq 18,000 at the time of Tandem purchase. Cheers

To: Scumbria who wrote (60901)	5/9/1999 1:56:00 PM
From: rudedog	Respond to of 97611

I was going from memory - I know that in 1994, when I was doing some consulting work with the systems division, they were just over 10,000, and by late 1995 that total had risen to just over 13,000. I was not close to the company in 1991 although I did hold some CPQ stock. If they had 10,000 employees at that time, it's no wonder they got into trouble on a revenue base of $3B... It's also amazing that they increased revenue by a factor of 4 without increasing headcount. The 18,000 headcount at the time of the Tandem acquisition included a large number of contract people who were "CPQ badged" but not CPQ employees - more than 3000. As a part of reconciling the two organizations, the contract people were re-badged, and contractors still have a different badge type today, as far as I know. I was also working from memory on the Tandem headcount but I recall an article which pegged the number at 7,100. It may have been higher when the acquisition was announced. Or my memory may be suspect, my wife would certainly claim the latter as the most likely possibility.