Compaq Announces Sweeping Organization Changes Aimed at Supporting Growth, Expanding Global Leadership Sets New Goal to be Among Top Three Global Computer Companies by 2000.HOUSTON--(BUSINESS WIRE)-- July 2, 1996--In a bold move aimed at better meeting customer needs, supporting the company's future growth and expanding its global leadership, Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. (NYSE NYSE See: New York Stock Exchange : CPQ CPQ Compaq CPQ Conseil du Patronat du Québec (Canada) CPQ Configure-Price-Quote CPQ Conseil de Presse du Québec (Québec Press Council, Canada) CPQ Companion Parrot Quarterly ) today announced a significant new organization structure. A number of existing and new product divisions have been aligned within three customer-focused groups: the Enterprise Computing Refers to information technology in the larger company. See enterprise data and enterprise networking. Group, the PC Products Group, and the Consumer Products Group. John T. Rose was named Senior Vice President and Group General Manager of the new Enterprise Computing Group, focusing on Compaq's core server business, building a new workstation business, and developing a sharper focus on distributed enterprise network solutions that include the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and Intranets. Michael Winkler Winkler may refer to:
"With this new organization, we're moving aggressively to further differentiate Compaq in the marketplace and expand our global leadership by addressing the increasing customer demand for bundled network solutions and higher levels of service and support," said Eckhard Pfeiffer Eckhard Pfeiffer (born August 20, 1941 in Lauban, Germany—now Lubań, Poland) is a business executive of German ancestry, and a former CEO of Compaq from 1991-1998. He joined Compaq from Texas Instruments, and established operations from scratch in both Europe and Asia. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Compaq. "As Compaq moves ahead in an increasingly competitive and dynamic marketplace, we will be better positioned to grow our core businesses, build new businesses, increase our global presence and strengthen our focus on strategic markets." "I am confident that this new organization and management team will help propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin Compaq to be among the top three global computer companies by the year 2000," said Pfeiffer. "Compaq's bold leadership objectives and new strategic direction, together with these important organizational changes, represent an important opportunity for us to grow our business and expand our leadership in the information technology industry." The Enterprise Computing Group will be responsible for Server Products, Enterprise Options, Networking Products, Workstations, Enterprise Solutions and Internet Products. The PC Products Group will consist of five organizations: Desktop PCs, Portable PCs, PC Options, Small and Medium Business Solutions and Communications Products. Compaq also announced today that Gary Stimac, Senior Vice President and General Manager, Systems Division, has decided to leave the company. "For the last 14 years, Gary has made significant contributions to Compaq and has served as a valued member of our management team. His leadership has been key to many of the company's successes, most recently the establishment and growth of Compaq's Systems Division," Pfeiffer added. Company Background Compaq Computer Corporation is the world's largest supplier of personal computers, offering desktop PCs, portable PCs, servers and options. Founded in 1982, the company reported 1995 worldwide sales of $14.8 billion. Compaq products are sold and supported in more than 100 countries through Compaq marketing partners and sold directly to customers through Compaq Direct Plus at 1-800-888-5858. Compaq provides 24-hour customer support and can be reached through the Compaq forums on America On-line, CompuServe, Internet (http://www.compaq.com), and Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , or by calling 1-800-OK-COMPAQ. Product information and reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. locations can be obtained by calling 1-800-345-1518. -0- Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned herein may be trademarks and/or registered trademarks of their respective companies. CONTACT: Compaq Computer Corporation Bob Beach, Mike Berman, John Sweney 713-514-0484 or Miller/Shandwick Technologies Donna Ruane 617-536-0470 |
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