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Capellas puts the fun back into Compaq

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Compaq CEO Michael Capellas breezed into London last week and made a special effort to speak to... Sunday Business.

We'd link to the interview if the newspaper had a website, but it doesn't appear to, so we won't.

Here then is The Vulture's Digest version.

Capellas wants George Dubya to cut income tax: "It's got to be precise and targeted enough to invigorate consumer demand." In other words, so that Americans feel comfortable again about consuming PCs.

Compaq is targeting 6-8 per cent growth this year, compared with analyst forecasts of 6 per cent. But Capellas reckons the company is being modest. "Just to keep the lights on requires continued investment in infrastructure. People will continue buying computers and we think we're well placed to sell to them."

Why? It all comes down to Compaq being a truly global company. The US may be faltering right now (although Capellas reckons there'll be a soft landing), but sales are doing just fine elsewhere.

And our final tidbit from Michael. "I've done my best to make Compaq a fun place to work. It's not particularly a sexy or sophisticated thing to do, but it has helped with morale to putting fun back into the way we operate."

Capellas is a former accountant. ®

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