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.
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.
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.
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.
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,
beginning computing emergence finish somewhere
Our emergence is not the finish line, it's the beginning of a new race, ... Somewhere between telecommunications and computing there's a new kind of company, and that's what MCI will be.
people spend waves willing
People are willing to spend if we give them something new, ... But there really are no new waves of technology.
question urgency
There's no question that we have a sense of urgency in everything that we do.
consistent policy pricing
You'll see a much clearer, more consistent pricing policy
execution focused knew meet
We were very focused on execution because we knew how important it was to meet the expectations.
betting building future
We are betting the bank, building our future on convergence,