Word: compaq
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Dates: during 1990-1999
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...deal tempted even cynical me. Free-PC is offering 333-MHz Compaq PCs with full Internet and e-mail access to anyone willing to fill out a questionnaire, watch ads onscreen and use the computer for 10 hrs. a month. No hidden fees, everything included--even speakers and a fancy Internet keyboard. But hold on: Who in her right mind would suffer through a barrage of onscreen ads just to get a free computer? Or submit to all sorts of prying personal questions, down to your income? Next thing you know, these "free" computers might be coming with built...
...Lucent Technologies spin-off. But if she were merely another old, white male appointed CEO by an old, white male board of directors, then her assuming the mantle would be about as newsworthy as last week's announcement of Michael Capellas to run HP rival Compaq. "No woman has achieved leadership at this level of American business," says Sheila Wellington, president of Catalyst, a New York City organization that tracks women in the work force. "It's going to give young women, girls, a powerful message...
Accordingly, Dell has withstood a profit squeeze on PCs. Estimates are that last year it posted an operating profit of $268 on each PC it shipped, while Compaq earned only $64 a unit and IBM actually lost $127. Even so, Dell is not relying just on PCs to extend its proud record of being the only company among the FORTUNE 500 that has increased revenues and profits more than 40% in each of the past three years. It is, in fact, somewhat de-emphasizing PCs to put more of a manufacturing and marketing push on such higher-margin products...
...rare that comings and goings among top-level technology executives reach the level of high drama, but they did yesterday when Eckhard Pfeiffer and Earl Mason, the number one and number two at Compaq Computer Corporation, handed in their resignations. The news came a little more than a week after Compaq announced massive shortfalls in revenues and earnings, and Wall Street hammered Compaq's stock accordingly. In a year when personal computers are ever more vital accessories, when even underdog Apple is making a killing, why can't the world's largest PC manufacturer make money...
...Pfeiffer, Compaq's president and chief executive, and Mason, its chief financial officer, will be replaced by a three-man executive committee with Compaq cofounder Benjamin Rosen at its head, but Rosen had little to say to the press about the abrupt transition. "The computer world is in a lot of turmoil," he told Reuters. "The issues are very complex and we felt we really needed a change in the leadership in order to keep our position as the industry leader." MORE...