Compaq and Samsung in Deal to Save Alpha
R. Krause - December 15, 1999

Event Summary

December 13, 1999 - Compaq Computer Corp. and South Korea's Samsung Electronics Co. Ltd. are planning to announce Monday a preliminary agreement to spend $500 million to advance the manufacturing and marketing of Compaq's 64-bit Alpha microprocessors and computer systems. The 'memorandum of understanding' is aimed at expanding Alpha into new markets such as fixed-function servers, network appliances and Internet network infrastructure, Compaq executives said. Samsung, which owns 87 percent of Alpha Processors, builds the chips under a Compaq license. Compaq, which also owns a small stake in API, won't expand its ownership, Compaq vice president Jesse Lipcon said...