Michael Capellas Quotations

We started thinking about licensing of intellectual property, and boom, it (the discussion) got bigger, ... It just started snowballing, building momentum. It just made logical strategic sense.

We are aggressively taking the appropriate actions to restore the company's growth and financial performance. The realignment of the company is fully underway, our management team is basically in place and we already offer the powerful solutions and range of products customers need to maximize Internet benefits.

We'll be better equipped to meet the diverse and changing needs of our U.S. customers - particularly our major accounts which clearly want to go direct - increasing our potential for growth.

The only way to describe this is almost the perfect storm.

No one even arguably associated with the past wrongdoing continues to work at the company.

If one thing stands out in the fourth-quarter results, it's the strength of our enterprise technology and solutions. This is where we see our most important growth in 2001 and beyond.

It goes without saying that the third quarter was one of the most challenging quarters ever for Compaq and for our industry.

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,

Our results clearly demonstrate our tremendous momentum in the marketplace. Our revenue was the highest in Compaq's history.

Our results clearly demonstrate our tremendous momentum in the marketplace, ... Our revenue was the highest in Compaq's history.

You'll see a much clearer, more consistent pricing policy

We were very focused on execution because we knew how important it was to meet the expectations.

We are betting the bank, building our future on convergence,

We believe the momentum in our business will continue during the second quarter and accelerate in the second half of the year.

We are declining in science ... in the 5th and 6th grades. Young ladies are not entering math and science -- and when they do, they go to medicine.

We are declining in science ... in the 5th and 6th grades,

We had anticipated that the launch would be in early April, and that still is our best guess. At this point, we're going to continue to mush forward with our planning,

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.

We are going ahead with our direct plan, but Europe does roll out at a slower pace.

We're coming out of bankruptcy with an awfully good set of assets, ... As the industry shifts away from the notion of a phone call is a phone call and data is data... we have a great opportunity to play in that evolution.

We do expect pricing to be tough going into the first half.

We understand this segment of our business has changed dramatically, and we don't intend to stand still.

This relationship with Cable & Wireless is an important step in the execution of Compaq's strategy.

We are emerging with a new board and management team, a sound financial position, unmatched global assets, a strong customer base and industry-leading service quality,

We see significant revenue flow in the fourth quarter of this year.

While we did see some strengthening of the IT market in the fourth quarter, first-half growth will be moderate and pent-up demand should drive a stronger recovery in the second half of the year,

The problem existed long before (the Internet bubble burst in March 2000).

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.

During the second half of this year (1999) we took aggressive action to return Compaq to profitable growth, and fourth-quarter results reflect our initial success where it matters most - in the marketplace,

There's no question that we have a sense of urgency in everything that we do.

These results represent strong execution and Compaq's solid momentum in the marketplace,

The steps we are taking will not only produce significant savings for the company but will benefit our customers by optimizing network performance and eliminating redundancies.

Our emergence is not the finish line, it's the beginning of a new race, ... Somewhere between telecommunications and computing there's a new kind of company, and that's what MCI will be.

People are willing to spend if we give them something new, ... But there really are no new waves of technology.

Compaq is the premiere Windows 2000 partner, and we believe this is one of the foundation platforms for the Internet economy.

The big story of this quarter is the return to profitability of our commercial PC business, ... That's been one of out top priorities, and we achieved it one quarter ahead of schedule.

A work force reduction is always a difficult decision, but we are confident that our overall cost reduction plan will help us emerge from Chapter 11 and make us more competitive in the marketplace in the long run.

This is an important milestone, particularly given the significance of Europe to us. We will continue to work with regulators around the world in satisfying their requirements.

Although this is lower than our previous guidance, it still reflects strong year-over-year improvement, ... I remain very confident in the long-term strength of the information technology market and in Compaq's ability to be one of the clear leaders.

At current price levels, we believe Compaq's stock offers a tremendous investment opportunity for the company,

The most dramatic change in store is with the products themselves. There is no doubt in my mind that what we know of as a PC will change.

It's no secret that the first quarter has been difficult for Compaq in the past.

Creating a powerful alliance combining Cable & Wireless' strengths as a global IP (Internet protocol) leader with our Internet leadership is a tremendous advantage for our customers and a major step toward achieving our goals,

It's hardly news to anyone now that the North American market is tough. Business activity in the rest of the world remains on track.

It's not about us finding a network, it's about the network finding us,

The last couple of quarters have been somewhat disappointing, ... There are some execution issues that we will look at.

In the first quarter, we recorded more than $1 billion in major account wins in the healthcare, education and travel markets alone,

In the short term, the market remains volatile and thus difficult to predict with much certainty, ... However, we expect third quarter revenue to be in the range of $8 billion to $8.4 billion ... and earnings per share of 7 cents to 9 cents.

In the third quarter, Compaq began to aggressively execute the actions we outlined in July.

Clearly, we have some challenges in front of us,

The combined company will have the strength and assets necessary to be a competitive force in today's transforming communications marketplace.

The first six weeks of the quarter were especially challenging.