Can Compaq Come Back
That’s a serious indictment of one of the firms that sparked the PC boom of the last decade. Compaq was started in 1981 by three former Texas Instruments employees who sketched a plan on a restaurant napkin for a clone of the first IBM personal computer. Rosen, a Wall Street analyst turned venture capitalist, invested $2.5 million and became chairman. When the company slumped 10 years later, he ousted the founders and promoted Pfeiffer, who placed the popular Presario line of computers in millions of homes and turned Compaq into a $31-billion-a-year powerhouse....