The NYT has a story about this this morning. Apparently, the board
was disappointed with the financial results, and they were expecting
the company to be doing more with its Internet resources (selling net
servers, AltaVista, etc.).
And, indeed, if you look at the financial results over the past
quarter, the concern is easy to justify. While Compaq has made
significant strides in reducing its profits, which are down by about
half, the company is still, regrettably, making money. Clearly, this
is not an Internet stock.