It is now clear that the economic slowdown is spreading overseas, and we will therefore move more swiftly and go even deeper in our structural cost reduction programs,
More Quotes from Michael Capellas:
It goes without saying that the third quarter was one of the most challenging quarters ever for Compaq and for our industry.Michael Capellas
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.
Michael Capellas
At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company,
Michael Capellas
You'll see a much clearer, more consistent pricing policy
Michael Capellas
We still have a lot of work to do, but we are delivering on our 100-day plan, ... We are making solid progress on our cost reduction initiatives, and we are profitable. We remain on track to emerge from Chapter 11 protection later this year.
Michael Capellas
The problem existed long before (the Internet bubble burst in March 2000).
Michael Capellas
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