Compaq quiet on financial firm

It's public knowledge everywhere else but Compaq New Zealand doesn't want to talk about a new financial company formed to provide equipment leasing and financing for business customers in the Asia-Pacific region. The leasing and financing company, Compaq Capital A/P LLC, will begin providing financial products and services to Compaq business customers by the end of the month in Australia, New Zealand, Hong Kong and Singapore, according to a statement from Compaq in the US. The new company will be based in Sydney.

It’s public knowledge everywhere else but Compaq New Zealand doesn’t want to talk about a new financial company formed to provide equipment leasing and financing for business customers in the Asia--Pacific region.

The leasing and financing company, Compaq Capital A/P LLC, will begin providing financial products and services to Compaq business customers by the end of the month in Australia, New Zealand, Hong Kong and Singapore, according to a statement from Compaq in the US. The new company will be based in Sydney.

However, when Computerworld tried to flesh out the New Zealand implications, a public relations spokesman for Compaq said the company wasn’t ready to talk and would put out a statement in about three weeks’ time.

Compaq Capital, a limited-liability company, will be jointly owned by Compaq Capital and Leastec, a subsidiary of KeyCorp.

It’s the second such company started by the PC maker, following the establishment of a similar operation last October to provide similar services to business customers in most of Europe and the UK.

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