Word: compaq
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...CRAZIEST YEAR IN PERSONAL COMPUTING HAS got even crazier. Compaq, which set off a fierce price-cutting war this summer when it slashed its PC prices one-third, has trimmed the tags on some models an additional 32%, bringing the cost of its cheapest desktop machine to below $800 -- a fraction of what customers were paying for PCs with a lot less memory and power just a few years...
...long lost sales to low-cost competitors that make cheap PCs that work just like Big Blue's machines. The last straw came in June, when Compaq Computer Corp., a premium-priced clonemaker, came out with yet another inexpensive model. Now IBM is fighting back with its own set of budget machines, priced from about $1,100 to $2,800. They aren't the cheapest, but the company hopes their features will lure customers. Analysts predict rough times for the cloners...
...investors, rather than regulators, who are applying the most pressure on corporate insiders. Increasingly, shareholders are turning to the courts. There are nearly 100 investor lawsuits pending against insiders, says James Newman, publisher of the Securities Class Action Alert newsletter, double the number of five years ago. Shareholders at Compaq Computer, for example, sued last year after insiders unloaded $16 million in stock just weeks before the company's stunning revelation of an inventory glut and exchange-rate problems. Compaq's stock dropped 27% on the news...
...American CEOs earned a combined $322 million in income last year. Even departing CEOs managed to walk away with huge sums. Hamish Maxwell, who retired as head of Philip Morris, was awarded a generous retirement gift of $24 million, mainly in stock grants and options. Earlier this year, former Compaq Computer CEO Joseph ("Rod") Canion, who was ousted by his board last year, was awarded $3.6 million. And N.J. Nicholas, the co-CEO at Time Warner who, in February, was also bumped by his board, is expected to land softly with a salary, deferred pay, bonuses and stock estimated...
Launched in 1982, Houston-based Compaq immediately made its mark with portable personal computers. Compaq reached $1 billion in annual sales in just five years, then a worldwide record. Today Compaq trails only IBM and Apple among PC makers. But that market is going through a major slump, which has forced Compaq to slash its once premium prices. At the same time, Compaq has had trouble expanding into the market for more powerful machines. Canion was replaced by Eckhard Pfeiffer, Compaq's executive vice president...