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(Compaq Computer Corporation, Houston, TX, The leading PC manufacturer when acquired by HP in 2002. Founded in 1982 by Rod Canion, Jim Harris and Bill Murto, one year later it shipped 53,000 IBM PC-compatible COMPAQ Portables, resulting in USD $111 million in revenues and an American business record. Compaq's success was due to enabling the machine to run all software written for the IBM PC, a task others had not yet accomplished as thoroughly (see ROM BIOS).

In 1984, Compaq introduced its DESKPRO desktop computers and achieved a computer-industry sales record in its second year. In 1986, it was the first to offer a 386-based machine. Throughout its history, Compaq was well respected for its high-quality products and innovations. Maintaining this high profile kept it from initially competing with the mail order houses that were dramatically driving down prices in the 1990s. Compaq later became competitive and a leading vendor in the mass market stores.

In 1997, Compaq acquired Tandem Computers, the first company to build fault-tolerant computers from the ground up. Tandem brought Compaq a strong background in high-availability systems for mission critical applications. In 1998, Compaq acquired Digital Equipment Corporation, one of the oldest computer companies. Digital's presence in major companies, plus its large service organization, added a significant enterprise presence for Compaq. See Digital Equipment.

Compaq's Founders
Canion, Harris and Murto (left to right) founded one of the most successful computer companies in the industry. (Image courtesy of Compaq Computer Corporation.)

The COMPAQ Portable
The COMPAQ Portable was the first completely IBM-compatible PC. Its rugged construction and "luggability" (30 pounds) made it a huge success. (Image courtesy of Compaq Computer Corporation.)
References in periodicals archive ?
The relationship between Media 100 and Compaq, a leading provider of workstations to the digital content creation (DCC) market, is expected to significantly contribute to annual global sales of Compaq Evo Workstations and strengthen Compaq's position in this growing market.
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Compaq recognizes General and Administrative spending as a strategic business opportunity and will use Oracle's Internet Procurement to leverage its enterprise-wide spending.