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TechWeb: Compaq To Take Surprise Charges Of $150-$250M

Nov 25, 1999, 20:18 (1 Talkback[s])
(Other stories by Paul McDougall)

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"Compaq will take a one-time charge of $50 million to $100 million against fourth-quarter earnings and an additional one-time charge against first-quarter 2000 earnings of $100 to $150 million, according to documents filed with the Securities and Exchange Commission."

"According to the company's 10-Q report for the third quarter, the charges will be taken to cover costs incurred from a previously announced plan to discontinue offering Windows NT on its Alpha processor-based servers and workstations. Under the plan, customers who have purchased an NT/Alpha server or workstation will be given up to 90 percent credit toward a new Intel/NT system."

"Customers choosing to remain on Alpha will be offered a free upgrade to an Open VMS, Tru64 Unix, or Linux system."

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