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Compaq Announcements (fwd)
this is very exciting, especially read the second message forwarded below
from Jon Hall!
---------- Forwarded message ----------
Date: Wed, 14 Oct 1998 10:57:08 -0700 (PDT)
From: Larry M. Augustin <lma@varesearch.com>
To: svlug@svlug.org
Subject: Compaq Announcements
Interesting contrast - two messages that arrived in my inbox today.
Larry
Posted at 8:08 a.m. PDT Wednesday, October 14, 1998
Compaq reports third-quarter earnings drop
HOUSTON (AP) -- Compaq Computer Corp.'s profit tumbled 78 percent in
the third quarter, its first full quarter since its acquisition of
Digital Equipment Co. The results were in line with Wall Street's
expectations.
Earnings fell to $115 million, or 7 cents per diluted share, from $517
million, or 34 cents a share, for the July-September quarter a year
ago.
The results were in line with the 6 cents a share average that
analysts surveyed by First Call had expected. In midday trading on the
New York Stock Exchange, Compaq was up 75 cents a share at $25.25.
Sales rose 36 percent to $8.8 billion from $6.5 billion a year ago.
``We ... believe Compaq will achieve continued strong growth during
the fourth quarter,'' Eckhard Pfeiffer, Compaq's president and chief
executive, said in a statement Wednesday.
The integration of the two companies is progressing on track, Compaq
said. It should begin seeing earnings improvement stemming from the
Digital acquisition as early as the fourth quarter, said Earl Mason,
Compaq's senior vice president and chief financial officer.
``We will continue the integration process, taking the necessary
actions to achieve additional synergies,'' he said.
Compaq already has said it is closing six plants overseas and
eliminating 5,000 jobs, including 1,000 at its Houston headquarters as
part of a previously announced cost-cutting drive following the
Digital acquisition.
Mason noted that the company bought back approximately $180 million of
Compaq's common stock and satisfied approximately $100 million in
restructuring obligations.
Compaq, founded in 1982, acquired Digital in June. Compaq is the
second-largest computer company in the world and the largest personal
computer manufacturer.
> From: "Jon 'maddog' Hall, USG Senior Leader" <hall@zk3.dec.com>
> Sender: owner-bod@li.org
> To: bod@li.org, tb@li.org, officers@li.org
> Cc: hall@zk3.dec.com
> Subject: Compaq's support of Linux
> Date: Tue, 13 Oct 98 21:43:12 -0400
>
> On Tuesday, September 15th, 1998 in Paris, France at our user event named
> "Eureka", and again on October 5th at DECUS in Los Angeles, Compaq Computer
> Corporation announced intent to extend their support to the Linux(R) operating
> system to include Intel as well as the Alpha platforms. In addition to
> extending this support to another architecture, Compaq is in the process of
> putting together a comprehensive program of Linux support.
>
> This support includes, but is not limited to:
>
> o working with the Linux community to port Linux to new platforms
> o qualification of Linux on both Intel and Alpha platforms
> o providing selected platforms with no license, specifically for Linux
> and other freely available operating systems
> o working with the Linux community and distributions to provide
> world-wide telephone and hardware support
> o porting selected Compaq software products to both Intel and Alpha
> platforms
>
> In continuing the concept of working with the Linux community, Compaq intends
> to extend its Linux support through its extensive channels partner programs.
> Compaq feels that this will give the broadest possible selection of products
> and solutions to our end customers, with our VARs, OEMs, Distributors and
> Resellers working with the customer to match the distribution, the layered
> products and third party offerings to that customer's needs.
>
> While it will take a little while for this program to be put into complete
> action, there has been a lot of excitement inside Compaq since this decision
> was announced by John Rose, Vice President of Compaq, at our European User's
> event. Indeed both Compaq and one of our channel partners, Hallmark, showed
> a licenseless AlphaServer 800 machine qualified for the Alpha Linux operating
> system at ISPcon in San Jose this month.
>
> Warmest regards,
>
> Jon "maddog" Hall
>
> --
> =============================================================================
> Jon "maddog" Hall Internet: maddog@zk3.dec.com
> Senior Leader, UNIX Software Group Executive Director, Linux(R) Intern'l
>
> Compaq Computer Corporation Linux International
> Mailstop ZK03-2/U15 80 Amherst St.
> 110 Spit Brook Rd. Amherst, N.H. 03031-3032 U.S.A.
> Nashua, N.H. 03062-2698 U.S.A.
>
> WWW: http://www.compaq.com WWW: http://www.li.org
> Voice: +1.603.884.1341 Voice: +1.603.672.4557
> FAX: +1.603.884.6424 Board Member: Uniforum Association
> Office: ZK03-2/V15 Board Member: USENIX Association
>
> (R)Linux is a trademark of Linus Torvalds in the United States and other
> countries.
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