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

To: Elwood P. Dowd who wrote (61361)	5/14/1999 7:45:00 PM
From: rupert1	Respond to of 97611

El: That 10-Q filing is at the behest of COMPAQ' lawyers. They are legally obliged to list every conceivable theoretical risk. If they don't there are 11 law suits out there being constantly updated. The legal jeapordy also explains the smoke screen blown over some dismissals/resignations and why Rosen and co. will not give definitive guidance on financials. To admit their incompetence is to admit culpability. Rosen has already addressed the substance of the matter. In his first statement and every subsequent statement to the public, analysts and shareholders, he has said words to the effect that there is a tendency to let things drift sideways during transitions of leadership, but the three in the CEO office will not let that happen and intend to proceed quickly to make decisions and the new CEO will have to take those changes into consideration in his application for the job. Even if they had not said all that it is evident that they are making strategic decisions now. They have just made a bold strategic decision to put an end to all the talk about going Direct and have embraced an advanced version of Indirect through the new DAP. They have begun to change the oganisational structure. They have quickened the integration of DEC-CPQ. They are reforming the accounting and reporting principles. I think you will see a speeded AV IPO process (however long it takes it would have taken longer under EP or if they had waited for a new CEO). In fact there have been more strategic decisions taken this last month under the three than would have been taken under EP.