Why bother with the New York Times, simply go to:
http://www.compaq.com/newsroom/pr/pr260198c.html and get the facts direct
from Compaq.
BTW, the radio and MSNBC have been stating this makes Compaq the second
biggest computer company in the world. I guess it displaces HP in that
spot. Hum. . .
Kind regards,
Denys. . .
Denys Beauchemin
HICOMP America, Inc.
(800) 323-8863 (281) 288-7438 Fax: (281) 355-6879
denys at hicomp.com www.hicomp.com
-----Original Message-----
From: Charles Finley Jr. [SMTP:[log in to unmask]]
Sent: Monday, January 26, 1998 11:35 AM
To: [log in to unmask]; [log in to unmask]
Subject: Re: Compaq buys DEC
Facts from the N.Y. Times
Compaq to Buy Digital for $9.6 Billion in Biggest Computer Industry
Acquisition Ever
Compaq Computer Corp. has agreed to acquire Digital Equipment
Corp. for $9.6 billion in cash and stock, in the biggest acquisition in the
history of the computer industry, the
companies said Monday.
Compaq, the largest supplier of personal computers in the world,
will issue about 150 million shares of common stock and pay $4.8 billion in
cash for Digital, a maker of computers
and network systems.
Under a definitive merger agreement, Digital shareholders will
receive $30 cash and about 0.945 share of Compaq common stock in exchange
for each share of Digital common
stock. Terms of the agreement call for Digital to become a wholly
owned subsidiary of Compaq.
Compaq said the deal should increase its earnings within a year,
Reuters reported. ``We are committed to ... investing in Digital's
strategic assets, particularly its worldwide service
organization, as well as its 64-bit leadership with Alpha
microprocessors, OpenVMS, Digital UNIX and Windows NT enterprise systems,
open storage and software products,''
Eckhard Pfeiffer, president and chief executive officer of
Compaq, said in a statement.
Based in Houston, Compaq ranks fifth in the overall computer
industry with sales of $24.6 billion last year. Maynard, Mass.,-based
Digital had $13.1 billion in revenues last year.
[log in to unmask]
Charles Finley, Open-Ended Systems Corp
310-957-2200
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