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Tandem
This snapshot deals with US hardware manufacturer Tandem
Computer.
It covers -
introduction
[under development]
the enterprise
Compaq
was founded in 1982 by Rod Canion, Jim Harris and Bill
Murto of Texas Instruments, with an initial investment
of US$1,000 apiece and the classic business plan "sketched
on a paper place mat in a Houston pie shop".
In 1983 Compaq shipped 53,000 PCs and scored an initial
public offering of US$67 million, with first year revenues
of US$111 million. Revenues in its second year were US$329
million. By 1986 it had shipped its 500,000th personal
computer and started to manufacture offshore. Annual sales
by early 1988 had reached US$1.2 billion; by 1991 sales
were over US$1 billion per quarter. In 1993 it left the
printer business. By 1996 annual sales reached US$14 billion.
In 1997 it bought Tandem Computer; earlier networking
acquisitions included Microcom, Networth and Thomas-Conrad.
Revenue for that year was US$24.6 billion.
In 1998 it bought DEC, creating the second largest computing
company, and rights to the AltaVista domain name. AltaVista
proved harder to digest (or easier to sell than DEC) and
was unloaded in 1999 to investor CGMI. In 2002 Compaq
merged with Hewlett-Packard.
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