Compaq To Invest More Than $1 Billion In Service Providers - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Compaq To Invest More Than $1 Billion In Service Providers

In an effort to find new growth markets, Compaq said today it has earmarked more than $1 billion to fund a spate of financing and service initiatives aimed at Internet and application service providers.

Through its Compaq Financial Services arm, the computer maker will make $600 million worth of low-cost, flexible financing available to ISPs and ASPs that buy Compaq servers and other products. Compaq's announcement comes as it continues to struggle with its corporate PC business, which lost $79 million in its most recent fourth quarter.

The company says it also has set aside an additional $400 million in investment capital that it will use to take equity stakes in emerging ISPs and ASPs. Keith McAuliffe, VP and general manager of Compaq's Service Provider business unit, says the programs are designed to address such companies' "unique business models and go-to-market strategies."

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll