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

To: Captain Jack who wrote (61360)	5/14/1999 7:16:00 PM
From: Elwood P. Dowd	Read Replies (1) \| Respond to of 97611

CEO search may slow decision-making By Michael Kanellos and Jeff Pelline Staff Writers, CNET News.com May 14, 1999, 2:55 p.m. PT Compaq's search for a new chief executive could lead to delays in strategic decision making, as well as create employee retention concerns, the PC maker said in a regulatory filing today. "While the office of the chief executive is moving quickly to make operational decisions, the absence of a chief executive officer, particularly in combination with the business issues now confronting Compaq, could lead to delays in strategic decision-making as well as employee retention issues that could complicate the timely implementation of operational decisions," the company said in a "10-Q" filing with the Securities and Exchange Commission today. Compaq previously had downplayed the impact that the CEO search would have on operations. As reported, the company's board forced the resignation of CEO Eckhard Pfeiffer last month. Do you want to know more? Read related news View story in The Big Picture Go to Message Boards

To: Captain Jack who wrote (61360)	5/14/1999 7:23:00 PM
From: John Koligman	Respond to of 97611

SEC 10Q filing by CPQ today according to News.Com... John CEO search may slow decision-making By Michael Kanellos and Jeff Pelline Staff Writers, CNET News.com May 14, 1999, 2:55 p.m. PT Compaq's search for a new chief executive could lead to delays in strategic decision making, as well as create employee retention concerns, the PC maker said in a regulatory filing today. "While the office of the chief executive is moving quickly to make operational decisions, the absence of a chief executive officer, particularly in combination with the business issues now confronting Compaq, could lead to delays in strategic decision-making as well as employee retention issues that could complicate the timely implementation of operational decisions," the company said in a "10-Q" filing with the Securities and Exchange Commission today. Compaq previously had downplayed the impact that the CEO search would have on operations. As reported, the company's board forced the resignation of CEO Eckhard Pfeiffer last month. Since then, the exodus of executives has accelerated. (See related story.) The filing also disclosed that Compaq paid about $307 million in cash to acquire Zip2. The deal was completed in April. For the quarter ended March 31, employee separations to restructuring at Compaq was 2,051. The "net headcount reduction since the date of the Digital acquisition...was about 14,200," the filing said.

To: Captain Jack who wrote (61360)	5/14/1999 7:30:00 PM
From: rupert1	Read Replies (1) \| Respond to of 97611

Captain: From filing to SEC approval need take only one month. If the SEC asks for changes/clarification, add another month each time it is sent back. Even with the pig's foot-in-mouth syndrome, the maximum should be three months. Therefore, they could file 1st August and have approval for 1st September, October, November. Since I think they will want to have some leeway for market timing before the end of the year, I think they will aim for 1st July filing. I know they have had discussion with underwriters, it would be incredible if they have not - and Rosen said they had. I think that in mid-June, or earlier, they will announce: 1. Underwriters. 2. Proposed schedule i.e. filing by 1st July or August with IPO subject to market timing but in an October-January window. 3. Component pieces of AV - i.e. Shopping.com, zip2, AV search engine, other AV assets (what I am informed is a "peering centre"), arrangements for internet access, and one or several content partnerships. 4. General statement of principle of equity structure i.e. 25% to be floated and whether special consideration for COMPAQ shareholders. All other details will be left to the underwriters and final Prospectus. If they don't follow this schedule they are not thinking at internet speed. I have spoken, Victor, from the Great State of Denial and the Home of the Next President of of these here United States. God Bless America. Land of Hope and Glory. God Save the Queen. Up the Reds!