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...
challenges front
Clearly, we have some challenges in front of us,
actions began execute third
In the third quarter, Compaq began to aggressively execute the actions we outlined in July.
account billion education major markets recorded travel wins
In the first quarter, we recorded more than $1 billion in major account wins in the healthcare, education and travel markets alone,
cable execution relationship step wireless
This relationship with Cable & Wireless is an important step in the execution of Compaq's strategy.
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,
business changed intend segment understand
We understand this segment of our business has changed dramatically, and we don't intend to stand still.
best continue early forward launch
We had anticipated that the launch would be in early April, and that still is our best guess. At this point, we're going to continue to mush forward with our planning,
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.
bankruptcy call coming data good great industry notion opportunity phone
We're coming out of bankruptcy with an awfully good set of assets, ... As the industry shifts away from the notion of a phone call is a phone call and data is data... we have a great opportunity to play in that evolution.
declining entering ladies math science
We are declining in science ... in the 5th and 6th grades. Young ladies are not entering math and science -- and when they do, they go to medicine.
declining science
We are declining in science ... in the 5th and 6th grades,
almost describe perfect
The only way to describe this is almost the perfect storm.
clearly highest momentum results revenue tremendous
Our results clearly demonstrate our tremendous momentum in the marketplace. Our revenue was the highest in Compaq's history.