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SEC filing shows little confidence, so far

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Compaq, the company that trademarked the letter Q last week, has found itself in further trouble with its shareholders. As we reported in early April this year, there is a deep rift inside Compaq. Deep schisms mar Compaq 64-bit plans. According to a filing Compaq placed today with the US Securities and Equities Commission (SEC), its turnover could drop as it moves too fast from its channel model to its direct model. The filing shows that Compaq itself is worried about the short term future, and that strategic decisions could be put on hold in the search for a CEO to replace Mr Eckhard Pfeiffer. So, if the SEC filing on Edgar is to be believed, surely Eckhard Pfeiffer should be re-instated as CEO. According to the filing, "there can be no assurance that action by the federal government will not impede Compaq's negotiated terms that give it a competitive market advantage in component purchases and under the license (sic) agreements that are necessary to operate its business in the future." ®

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