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

To: Howard Feinstein who wrote (62001)	5/25/1999 8:56:00 AM
From: hlpinout	Read Replies (1) \| Respond to of 97611

Morning Howie, It has been unusually quiet on the Compaq news front (significant ones)so I'm thinkin' (oh no!) that something will arrive soon. By most accounts the list of potentials is small. There is a possibility that the Three Amigos have someone completely different than our discussions here. Perhaps we can get shex to get someone to bird dog the BODs office to see who visits. I am keeping my ears to the ground for any slip-of-the-lip. hio

To: Howard Feinstein who wrote (62001)	5/26/1999 7:27:00 AM
From: hlpinout	Respond to of 97611

Morning Howard, Rumors Heat Up That Oracle President Lane Will Head Compaq Or H-P May 24, 1999 3:51 PM NEW YORK -(Dow Jones)- Rumors that Oracle Corp. President and Chief Operating Officer Raymond Lane is about to leave the database software giant are heating up in Silicon Valley, the New York Times and San Jose Mercury News reported Monday. The Times said Lane is at the top of a short list of candidates to succeed Lewis Platt as chairman and chief executive of Hewlett-Packard Co. after it spins off its test and measurement business later this year. Meanwhile, Mercury News columnist Chris Nolan said Lane also is under consideration for the vacant CEO position at Compaq Computer Corp. She also reported that Gary Bloom, a rising star at Oracle (ORCL), is in line for a big promotion, although it appears he won't be Lane's successor. Recruiting experts say H-P (HWP) and Compaq (CPQ) are having a hard time finding new leaders because many young executives, looking to cash in on the Internet boom, instead are rushing to smaller firms. Recruiting experts say there are no more than 20 candidates who are up to the job of running H-P, No. 14 on this year's Fortune 500 list, or Compaq, ranked No. 28. Compaq or H-P could widen the pool by conducting searches outside the high-tech industry. That move is still seen as unusual for computer companies despite the success of non-techie Louis Gerstner, International Business Machines Corp.'s CEO. CEO Eckhard Pfeiffer and Chief Financial Officer Earl Mason were forced out last month after Compaq surprised Wall Street with an announcement that first-quarter earnings would fall far short of expectations. The company since has announced other key executive departures. Compaq has been struggling to improve its distribution system to better compete with Dell Computer Corp.'s (DELL) more efficient direct-sales strategy. As part of that plan, it recently named four exclusive PC distributors to cut costs and speed deliveries to customers. At H-P, Platt will step aside after a new CEO is selected. Michael Rutgers, CEO of computer storage giant EMC Corp., said H-P has approached him, but declined to say whether he is interested in the job. Platt also is said to be considering Paul Otellini, an executive vice president at Intel Corp., and AT&T Corp. President John Zeglis, as well as some H-P insiders. Last week, H-P handily beat analysts' earnings estimates and reported strong order growth for its fiscal second quarter, suggesting it may have left some recent troubles behind. New orders rose 9.7%, which the company said was its best performance in four quarters. For most of the past year, H-P has struggled to shake off a malaise brought on by a number of unrelated factors, including the Asian economic crisis and its own slowness to revamp its Internet strategy to deal with fast-moving rivals such as Sun Microsystems Inc.