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...
goes quarter quarters saying third
It goes without saying that the third quarter was one of the most challenging quarters ever for Compaq and for our industry.
clear cost deeper economic move reduction spreading structural swiftly therefore
It is now clear that the economic slowdown is spreading overseas, and we will therefore move more swiftly and go even deeper in our structural cost reduction programs,
challenges front
Clearly, we have some challenges in front of 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.
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,
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,
assets combined company force necessary strength
The combined company will have the strength and assets necessary to be a competitive force in today's transforming communications marketplace.
quarter six weeks
The first six weeks of the quarter were especially challenging.