Compaq NZ declares "tremendous" Q1

Compaq New Zealand seems to be making a much better fist of life after The Merger than its global parent. While Compaq CEO Eckhardt Pfeiffer paid for a bad first quarter with his job this week, Compaq New Zealand has been able to declare a 'tremendous' Q1. Compaq New Zealand managing director Robin Paterson said yesterday that the company's sales performance had set new benchmarks in a number of areas.

Compaq New Zealand seems to be making a much better fist of life after The Merger than its global parent.

While Compaq CEO Eckhardt Pfeiffer paid for a bad first quarter with his job this week, Compaq New Zealand has been able to declare a "tremendous" Q1.

Compaq New Zealand managing director Robin Paterson said yesterday that the company's sales performance had set new benchmarks in a number of areas.

"If we look at our PC business and compare combined Compaq and Digital numbers in Q1/98 with integrated numbers in Q1/99 we are up over 26% in units shipped," said Paterson. "Looking beyond the PC business, overall we are up nearly 34% in revenue terms over the same period. Both product and services have contributed to this strong growth.

"We have for some time seen the benefits of our integration with Digital," Paterson said. "Our performance in New Zealand indicates that people throughout the organisation are working together to deliver what customers want and that customers across the board recognise the value we offer."

Paterson said the company had started the second quarter strongly and had "great confidence for business growth for the remainder of 1999."

Considering the parent company's prospects, Paterson put store in the promise by Compaq chairman Ben Rosen after Pfeiffer's resignation this week "that the new CEO will be capable of taking Compaq into the next era, to accelerate the transformation of Compaq into a leader in the Internet age.

"Our progress in New Zealand towards full integration, combined with a strong financial performance, uniquely positions Compaq to implement change and to continue to work with our customers as true partners."

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