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...
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.
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.
finding network
It's not about us finding a network, it's about the network finding us,
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.
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.
bubble burst existed internet march problem
The problem existed long before (the Internet bubble burst in March 2000).
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.
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,
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,
question urgency
There's no question that we have a sense of urgency in everything that we do.
people spend waves willing
People are willing to spend if we give them something new, ... But there really are no new waves of technology.
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.