Word: compaq
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...long ago, Compaq Computer president Rod Canion was being called a genius. Now he isn't even called president. Last week, one day after Compaq announced the first quarterly loss in its corporate history and the layoff of 1,440 employees, Canion was dismissed by Compaq's board of directors...
...compared with $43 in Manhattan), is among the lowest in the U.S., and the median $69,000 price for a single-family home is about 30% below the U.S. average. At the same time, aggressive promotion has helped Houston keep its newcomers close to home. When fast-growing Compaq Computer hinted that it might pick another locale for a 4,000-worker plant expansion, community leaders assembled a $7.7 million package of tax abatements, bus service and access roads that won Compaq over...
...corporate customers, computers once meant IBM mainframes. But that has changed as high-powered workstations and personal computers from such companies as Compaq, Apple and Sun Microsystems have won over legions of business users. As a result, IBM's earnings have slipped from $6.6 billion in 1984 on total sales of $46 billion to an estimated $5.5 billion last year on total sales of $60 billion. In an attempt to cut its costs and become a more nimble competitor, IBM last week announced its fourth belt-tightening program in three years...
...these breakthrough products look hopelessly oversize. Last month Compaq unveiled a 2.2-kg (6-lb.) full-powered portable computer that fits in a briefcase. Sharp and Poqet make even smaller models that slip into a suit pocket. Today there are fax machines, radar detectors, electronic dictionaries, cellular telephones, color televisions, even videotape recorders that fit comfortably in the palm of a hand...
After years of red-hot growth, the industry is maturing. Companies are launching more products, yet few are truly innovative. -- But Compaq's new laptop is likely to score...