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...
execution momentum represent results solid strong
These results represent strong execution and Compaq's solid momentum in the marketplace,
benefit company customers network performance produce savings steps taking
The steps we are taking will not only produce significant savings for the company but will benefit our customers by optimizing network performance and eliminating redundancies.
believe foundation internet platforms premiere windows
Compaq is the premiere Windows 2000 partner, and we believe this is one of the foundation platforms for the Internet economy.
billion cents certainty difficult earnings expect market per predict quarter range remains revenue share short third thus volatile
In the short term, the market remains volatile and thus difficult to predict with much certainty, ... However, we expect third quarter revenue to be in the range of $8 billion to $8.4 billion ... and earnings per share of 7 cents to 9 cents.
actions began execute third
In the third quarter, Compaq began to aggressively execute the actions we outlined in July.
finding network
It's not about us finding a network, it's about the network finding us,
couple execution issues last quarters somewhat
The last couple of quarters have been somewhat disappointing, ... There are some execution issues that we will look at.
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,
challenges front
Clearly, we have some challenges in front of us,
action aggressive half initial matters profitable reflect results return second success took year
During the second half of this year (1999) we took aggressive action to return Compaq to profitable growth, and fourth-quarter results reflect our initial success where it matters most - in the marketplace,
achieved ahead commercial pc quarter return top
The big story of this quarter is the return to profitability of our commercial PC business, ... That's been one of out top priorities, and we achieved it one quarter ahead of schedule.
chapter confident cost difficult emerge force help overall plan reduction work
A work force reduction is always a difficult decision, but we are confident that our overall cost reduction plan will help us emerge from Chapter 11 and make us more competitive in the marketplace in the long run.
believe current investment offers opportunity price stock tremendous
At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company,
change doubt dramatic mind pc products store
The most dramatic change in store is with the products themselves. There is no doubt in my mind that what we know of as a PC will change.