As questions fly about the future of its planned merger with Hewlett-Packard Co., Compaq Computer Corp. is stressing that it's still in business, and doing fine, thank you.
The company has signed two major contracts worth a total of between US$400 million and 450 million, Compaq said Thursday.
Compaq has landed a three-year deal to provide 196 Raytheon Co. locations in the U.S. with custom-configured desktop and notebook computers, servers, workstations and storage systems, all based on Intel Corp. technology, Compaq said in a statement. The deal, worth an estimated $200 million to 250 million, is an extension of an existing arrangement under which Compaq has supplied Raytheon with standard Intel-based hardware since 1998.
In a separate deal, Compaq has contracted to provide IT services to Sweden's L.M. Ericsson Telephone Co. Under the deal, worth $200 million over the next five years, Compaq will take over "a significant part" of Ericsson's IT infrastructure, including asset management of hardware, operations and support of PCs and printers, and financial services provided by subsidiary Compaq Financial Services Corp.