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.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (58561)	5/18/1999 2:34:00 AM
From: Paul Engel	Respond to of 1571782

SCUMbria - Compaq KICKED SOME SERIOUS BUTT with their ALPHA chip last quarter ! Sounds like Compaq wants to EXPAND that Alpha business ! Paul {==============================} Compaq to close plant, cut 900 The Digital high-end business didn't perform as well as expected in the first quarter. By Bloomberg News Special to CNET News.com May 17, 1999, 3:30 p.m. PT URL: news.com HOUSTON--Compaq Computer will close its Salem, New Hampshire, plant and cut most of the 900 jobs there as it looks to slash costs. Compaq will move production of the Alpha-based server computers that it got in its $8.7 billion acquisition of Digital Equipment to two other plants in the next six to nine months. Some employees will be offered the opportunity to relocate to the sites in Fremont, California, or Houston, though Compaq said the majority of the jobs will be eliminated. Houston-based Compaq is in the midst of completing its integration of Digital, which it acquired in June 1998. The company has cut about 12,600 jobs already and is looking for more ways to reduce costs and become more competitive in both personal computers and expensive servers. The Digital high-end business didn't perform as well as expected in the first quarter. Compaq also has revamped its management team, ousting chief executive Eckhard Pfeiffer and bringing chairman Ben Rosen back in to oversee day-to-day operations until a new CEO is found. The company has had problems reducing costs in its PC business and the Digital business has lagged expectations.