Word: compaq
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Dates: during 1990-1999
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...deal brings sweet redemption to Digital's shareholders. Burdened by losses of more than $5 billion this decade, the company's stock slumped from nearly $200 a share in 1987 to $45 when Compaq jumped in with its $57.40-a-share offer. Compaq's stock, which more than doubled in the past year, closed at $30 last week...
Back in 1982, a brash newcomer called Compaq Computer sprang up to clone IBM personal computers. Last week Compaq became a virtual clone of IBM, the company. The computer maker will pay some $9 billion for Digital Equipment, a dented dynamo of a company based in Framingham, Mass., in a deal that will complete the transformation of Compaq into a global provider of everything from handheld computers to the monster machines that power corporate networks and the Internet. The buyout creates a behemoth with $37 billion in revenues that trails only the $78 billion IBM. "In the early...
...Compaq (1997 revenues: $24.6 billion) survived a near collapse a few years back to become the world's leading PC provider. Last year the company, based in Houston, brought home computing to the masses by popularizing the sub-$1,000 PC. Digital, a legendary innovator in the 1970s and '80s and a legendary disaster in the '90s (it flat missed the PC revolution) had few options. Now Compaq can couple its manufacturing and marketing savvy with Digital's high-end technology and global sales and service reach. Compaq will rely less on hardware, an advantage in an industry whose prices...
...looks like a good bet that Compaq CEO Eckhard Pfeiffer will reach his audacious goal of $50 billion in sales by 2001. That would have seemed impossible when the German-born Pfeiffer replaced ousted co-founder Rod Canion in 1991, a year in which price wars and a slumping economy cut Compaq's sales 10%, to $3.2 billion. Pfeiffer applied American management techniques, slashing payrolls and streamlining manufacturing. He used the savings to launch lines of lower-priced PCs. In '96 he led the company into high-margin, big-iron computing, buying Tandem Computer for $3 billion. Tandem's machines...
Well, again, not quite. The settlement was how politics works in America. The way capitalism works is this: strategists at such vendors as Dell and Compaq let it be known that they had no plans to offend the company that rules their industry by accepting an offer made with a gun to its head. Meanwhile, Gates' browser rival, Netscape CEO Jim Barksdale, held his own Thursday press conference, seizing this window of Microsoft vulnerability to announce that not only will he start distributing Netscape's Navigator browser for free, just like Microsoft, but that he will also give away...