After buildup, Compaq retreats from networks

Article Abstract:

Compaq Computer Corp is backing away from its brief effort to become a computer-network equipment supplier. In 1995, Compaq began acquiring network-equipment companies and in 1996, it organized a Communications Products Group. As recently as 1997, Compaq apparently still saw the high-margin networking business as a natural complement to its low-cost manufacturing and distribution operations. Now, however, the company is phasing out network-equipment manufacturing and eliminating network-related engineering groups. The incident shows how tightly Compaq is aligned with its PC business and how difficult it is for Compaq to translate its computer-related skills into other businesses. A senior VP says networking products will still be made available, but these will appear primarily as adjuncts to computer sales.

Strategy & planning, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Planning, Computer network equipment industry, Network hardware industry, Compaq Computer Corp., CPQ, Telecommunications systems, Company business planning

---

Gateway Inc. sues to end contract with Web America

Article Abstract:

Gateway Inc. wants out of its contract with its Internet access service, Web America Networks, Inc. and it has to sue to do so. Gateway claims there have been too many problems almost from the start and the South Dakota computer firm wants to switch to MCI WorldCom Inc. Web America claims there are no problems with its service, but that Gateway is using that as an excuse to switch ISPs.

Comment:

Gateway Inc. wants to cancel its contract with this ISP

Internet, Contracts, Abstract, GTW, Web America Networks Inc.

---

Gateway says it inflated revenue

Article Abstract:

Gateway, the troubled computer maker and retailer, announced that inflated revenues by $500 million during 2000 and 2001. The firm, which is being investigated by the SEC for accounting irregularities, said it will restate earnings in its next financial reports.

Sales, profits & dividends, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Reporting & Disclosure, Capital funds & cash flow, Financial Regulation & Reporting, Company legal issue, Cases, Finance, Microcomputer industry, Investigations, Accounting and auditing, Company sales and earnings, GATE, Company earnings/profit, Financial disclosure

Similar abstracts:

• Abstracts: Witness cites pricing threats from Microsoft. Palmer faces big challenge at Digital
• Abstracts: Claircom plans digital phones for airlines. Firms to unveil hand-held computers with electronic 'pens' and phone links
• Abstracts: Big electronics firms support General Magic. Apple to expand line with server, pen for PowerBook. Apple to keep Newton unseen at trade show
• Abstracts: Compaq cuts prices on corporate PCs up to 25%. Michael Dell - and his company - grow up. Dell Computer chops prices on products, indicating that PC war isn't over yet
• Abstracts: USAID defense secret bids to rebuild Iraq. Networks and innovation: sustainable technologies in Scottish social housing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.