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Compaq Computer Corporation
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P.O. Box 692000 |
FOR IMMEDIATE RELEASE
Compaq AnnounceStreamlines Enterprise Business Group
HOUSTON,
May 5, 2000 - Compaq Computer Corporation (NYSE: CPQ) today announced organizational
changes to streamline its Enterprise Solutions and Services Group (ESSG).
Three ESSG divisions
now report directly to Michael Capellas, Compaq President and Chief Executive
Officer. These business units include Industry Standard Servers, Business Critical
Servers, and Storage Products.
In addition,
Compaq has combined its services and solutions divisions with the worldwide
sales organization. Professional Services and Solutions, as well as Customer
Services, now report to Peter Blackmore, Senior Vice President, Sales and Services.
"This action
reduces a level of management and simplifies our business process - and allows
us to clearly focus on providing our customers with end-to-end solutions,"
said Blackmore.
Compaq said that
Enrico Pesatori, Senior Vice President and Group General Manager, ESSG, is leaving
the company to become CEO of Synaxia Networks.
"We thank Enrico
for his many contributions to Compaq and wish him the best in his new endeavor,"
said Capellas. "We have a great foundation on which to drive profitable
growth, and our moves today further improve Compaq's focus and responsiveness
to the marketplace."
Compaq's Consumer
Group and Commercial Personal Computing Group are unchanged.
About Compaq
Compaq Computer
Corporation, a Fortune Global 100 company, is the largest supplier of computing
systems in the world. Compaq designs, develops, manufactures, and markets hardware,
software, solutions, and services, including industry-leading enterprise computing
solutions, fault-tolerant business-critical solutions, and communications products,
commercial desktop and portable products, and consumer PCs.
Compaq products
and services are sold in more than 200 countries directly to businesses, through
a network of authorized Compaq marketing partners, and directly to businesses
and consumers through Compaq's e-commerce Web site at http://www.compaq.com.
Compaq markets its products and services primarily to customers from the business,
home, government, and education sectors. Customer support and information about
Compaq and its products and services are available at http://www.compaq.com.
# # #
Compaq is Registered with the U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. This release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. The potential risks and uncertainties that could cause actual results to differ materially include implementation of new distribution systems; changes in product mix; unanticipated component shortages; increased competitive factors and pricing pressures; market responses to pricing actions and promotional programs; inventory risks due to shifts in market demand; volatility of certain equity investments; and instability in developing countries that may affect operations. Further information on the factors that could affect Compaq's financial results is included in the company's Securities and Exchange Commission (SEC) filings, including the latest annual report on Form 10-K and the latest quarterly report on Form 10-Q.
For further information, contact:
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Compaq Media Relations |
Jim Finlaw |
281-514-6137 |
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Compaq Investor Relations |
281-514-9549 OR 800-433-2391 |
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