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
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
Commentary
Graph-Based AI Enters the Enterprise Mainstream
James Kobielus, Tech Analyst, Consultant and Author,  2/16/2021
News
What Comes Next for AWS with Jassy to Become Amazon CEO
Joao-Pierre S. Ruth, Senior Writer,  2/4/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
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