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CNET News: Compaq CEO resigns

Apr 18, 1999, 17:39 (1 Talkback[s])
(Other stories by Mike Yamamoto)

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"In move with ramifications throughout the high-tech world, Eckhard Pfeiffer unexpectedly resigned today as Compaq Computer's chief executive officer."

"The stunning top-level shakeup also included the resignation of Earl Mason as chief financial officer of the leading PC maker."

"... Compaq's board of directors has formed a three-man office of the chief executive to oversee daily operations. Chairman Benjamin Rosen and vice chairmen Frank Doyle and Robert Ted Enloe will maintain that office ..."

"... no official reason was given for the Pfeiffer's sudden departure ..."

"The resignations followed Monday's surprise announcement of a first-quarter shortfall by Compaq, which Pfeiffer blamed on relentless price wars and other external factors in the personal computer market."

Complete story.