Michael Capellas

Michael Capellas
Michael David Capellasis an American executive in the computer and telecommunication industries. Capellas served as chairman and CEO of First Data Corporation, acting CEO of Serena Software, chairman and CEO of Compaq Computer Corporation until its merger with Hewlett-Packard where he became president of the post-merger company briefly, and president and CEO of WorldComwhere he led its merger with Verizon...
cable execution relationship step wireless
This relationship with Cable & Wireless is an important step in the execution of Compaq's strategy.
flow fourth quarter revenue
We see significant revenue flow in the fourth quarter of this year.
demand drive fourth growth half market moderate recovery second stronger
While we did see some strengthening of the IT market in the fourth quarter, first-half growth will be moderate and pent-up demand should drive a stronger recovery in the second half of the year,
base board customer emerging financial global management service sound strong
We are emerging with a new board and management team, a sound financial position, unmatched global assets, a strong customer base and industry-leading service quality,
difficult quarter secret
It's no secret that the first quarter has been difficult for Compaq in the past.
achieving advantage alliance cable combining creating customers global internet leader leadership major powerful step strengths toward tremendous
Creating a powerful alliance combining Cable & Wireless' strengths as a global IP (Internet protocol) leader with our Internet leadership is a tremendous advantage for our customers and a major step toward achieving our goals,
activity anyone business hardly market news north remains rest
It's hardly news to anyone now that the North American market is tough. Business activity in the rest of the world remains on track.
almost describe perfect
The only way to describe this is almost the perfect storm.
building logical strategic thinking
We started thinking about licensing of intellectual property, and boom, it (the discussion) got bigger, ... It just started snowballing, building momentum. It just made logical strategic sense.
actions basically company customers financial fully growth internet management maximize offer powerful products range restore solutions taking team
We are aggressively taking the appropriate actions to restore the company's growth and financial performance. The realignment of the company is fully underway, our management team is basically in place and we already offer the powerful solutions and range of products customers need to maximize Internet benefits.
accounts changing clearly customers direct diverse equipped increasing major meet needs potential
We'll be better equipped to meet the diverse and changing needs of our U.S. customers - particularly our major accounts which clearly want to go direct - increasing our potential for growth.
business changed intend segment understand
We understand this segment of our business has changed dramatically, and we don't intend to stand still.
chapter cost delivering emerge later progress protection reduction remain solid track work
We still have a lot of work to do, but we are delivering on our 100-day plan, ... We are making solid progress on our cost reduction initiatives, and we are profitable. We remain on track to emerge from Chapter 11 protection later this year.
ahead direct europe roll slower
We are going ahead with our direct plan, but Europe does roll out at a slower pace.