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...
bubble burst existed internet march problem
The problem existed long before (the Internet bubble burst in March 2000).
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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.
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.
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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,
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This relationship with Cable & Wireless is an important step in the execution of Compaq's strategy.
business changed intend segment understand
We understand this segment of our business has changed dramatically, and we don't intend to stand still.
ability acceptance continued despite driven enterprise market offer pleased pricing products solutions weakness
We see continued weakness in the U.S. economy, and resultant pricing pressures, ... Despite the slowdown, we are pleased with market acceptance of our enterprise products driven by our ability to offer end-to-end solutions and services.
flow fourth quarter revenue
We see significant revenue flow in the fourth quarter of this year.
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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,
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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,
arguably associated company continues past work
No one even arguably associated with the past wrongdoing continues to work at the company.
almost describe perfect
The only way to describe this is almost the perfect storm.
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It goes without saying that the third quarter was one of the most challenging quarters ever for Compaq and for our industry.
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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,